April 2006: Agreement with the Wisconsin Alumni Research Foundation
Bridge to Life Preservation Solutions Ltd., Milwaukee, Wisconsin, today announced that 5% of its shares were purchased by the Wisconsin Alumni Research Foundation (WARF). Of note, this is the first time that WARF has taken an equity position in a startup company.
Bridge to Life Preservation Solutions is a company that manufactures solutions to preserve intra-abdominal organs during transplantation. WARF, one of the most successful university technology transfer organizations, manages intellectual property and oversees research and development as an arm of the University of Wisconsin.
In addition to an ownership stake, WARF will provide to Bridge to Life specified rights to future patents and products that enhance the science of organ transplantation. One example in the making is the potential purchase of an additive that may help prevent organ rejection.