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Hyun Sang-hwan, Hwang's colleague at the Sooam Biotech Research Center, confirmed that SNU had handed over the intellectual property rights for Hwang's claimed inventions in human stem cell research to H-Bion, a biotech company Hwang established in May last year.
SNU announced last month on its decision to withdraw patent applications related to Hwang's work and said it would consider transferring the rights to local companies or institutions seeking to continue research.
The school's business foundation had applied for patents on Hwang's technologies in 11 countries, including the Untied States and Australia, in June and July of 2006. However, SNU fired Hwang later in the year after his studies on cloned human stem cells were deemed as fraudulent.
According to Korean law, intellectual property rights for inventions produced by employees of national universities belong to the state. Thus, the patents that had been reviewed by patent authorities overseas were filed under SNU's name, with...