Right, wrong they just can't stop it:
Recall from May 2016 UC regents compliance and audit committee:
"Advising on Significant Transactions
■ We will provide input to management on the potential accounting impact and reporting
treatment for significant transactions such as ... UCLA’s sale of its royalty
interest connected with a leading prostate cancer medication, Xtandi to Royalty Pharma.
This will help management make informed decisions and eliminate surprises."
And, a headline "UCLA will get hundreds of millions for rights to prostate cancer drug - LA Times "
And, UC Regents Win Prostate Cancer Drug Rulings - Inside Higher Ed
"Battle over a pricey drug now engulfs the University of California - STAT News
Has this abstract:
"Dozens of advocacy groups are urging one of the largest American universities not to pursue a patent for a pricey cancer drug in India, opening another front in an ongoing battle over access to the medicine.
At issue is the Xtandi prostate cancer treatment, which was originally invented at the University of California, Los Angeles, and has become a flashpoint in a wider debate in the United States over the extent to which Americans should pay high prices for medicines that were developed, at least in part, with taxpayer dollars."
the full article requires subscription
Btw, UCOP and UC transparency in question, so
Cue a Leonhard article in NYT with the usual quotes from in house pro UC at UC Berkeley higher education researcher
...Sunday Review: The Assault on Colleges -- and the American Dream
-Then have UC staff promote said article,, rinse, repeat...
It is funny the UC Regents home page has this displayed:
California State Auditor's report
In late April, the California State Auditor's Office released its report entitled "University of California Office of the President - Administrative Expenditures."
But that was not the title of the report.
The title of the report is:State Audit Report on UCOP: "The University of California Office of the President: Report 2016-130—It Failed to Disclose Tens of Millions in Surplus Funds, and Its Budget Practices Are Misleading"
- Richard Blum (AGAIN!)
- Gareth Elliott
- George Kieffer
- Sherry Lansing (AGAIN!)
- Hadi Makarechian
- Eloy Ortiz Oakley
- John A. Pérez
- Richard Sherman
- Charlene Zettel
- Anguiano, Maria
- Park, Lark
- UC Regents Committees
- Staff Advisors, Faculty Reps, Designates
- Ex Officio UC Regents
- UC Alumni Regents
- Tauscher, Ellen
- Guber, H. Peter
- Paul Monge
- VACANT (by Lozano)
- VACANT ( by Pattiz)
- VACANT (by Reiss)
"If the University were a business, it would likely be the largest corporation in California."
"If The University Were A Business, It Would Likely Be The Largest Corporation In California"-Regents Minutes (2010)