Saturday, May 18 2013 7:46 PM EDT2013-05-18 23:46:41 GMT
Valley communities came together this week to honor those who lost their lives in the line of duty during Peace Officers Memorial Week. The Athens Police Department honored fallen officers by raisingMore >>
Valley communities came together this week to honor those who lost their lives in the line of duty during Peace Officers Memorial Week.More >>
HUNTSVILLE, AL (WAFF) - WAFF 48 News has been digging into who owns the rights and who stands to benefit from the potentially groundbreaking invention developed by UA-Huntsville shooting suspect Dr. Amy Bishop and her husband.
Only Jim Anderson and Amy Bishop's names are listed on the patent as inventors, but Anderson told WAFF 48 News Tuesday that he and Bishop signed the rights to the patent over to UA-Huntsville several years ago.
It's a process called assignment.
But that doesn't mean the couple won't reap any potential profits.
The "InQ," a portable cell incubator invented by Bishop and Anderson, has been hailed as a device that "will rock the cell growth world."
The incubator is set to drop commercially in June, with the potential to make millions for UA-Huntsville.
"I assigned the patent to them," Anderson said. "Which is what most inventors do, they find a partner, and sign it over to them."
In return, Anderson said he and his wife got money for parts and grants to further develop the technology.
The university got the right to find a commercial partner to distribute the product.
That partner is Prodigy Biosystems, a company formed by UA-Huntsville and others in 2007.
Bishop was on the company's board of directors.
Anderson said he didn't get much from the front end, but as to how much he stands to gain when the product hits the market, he's not saying.
"This is the first time I've gone through something like this," he said. "So when it all shakes out, I don't know."
It'll be up to a court to decide what will happen to Amy Bishop's portion of the profits.
Dick Reeves, chairman of the board of directors at Prodigy Biosystems, said he hopes Bishop's portion will be distributed to the victims' families.