J-P PROSTHETICS

DESCRIPTION OF EXTERNAL RELATIONSHIP

Dr. Jordan holds more than a 5% equity interest in a company, J-P Prosthetics. She is also a Vice-President in the company, a consultant, and serves on the Board of Directors. Dr. Jordan will be the Principal Investigator on a grant funded by the National Cancer Institute (NCI), and is scheduled to begin on April 1, 200X. The NCI funding is to research the design of prosthetic elbows.

Dr. Jordan and the University of Minnesota Office of Patents and Technology Marketing have entered into a license agreement specifying that any research related to the design of prosthetic elbows undertaken in Dr. Jordan’s lab may be used by J-P Prosthetics. The agreement also states that, for research undertaken at the University on specific projects related to company interests, the company has the right of first refusal.

Dr. Jordan’s University laboratory has support to employ a graduate student to work on research, the results of which may be the basis for commercial activities by J-P Prosthetics. J-P Prosthetics is not funding any of the research conducted by Dr. Jordan. This research is funded by NCI and the Department of Defense.

AREAS OF POTENTIAL CONFLICT OF INTEREST

The Committee finds that Dr. Jordan has a financial and business interest in J-P Prosthetics which represents a potential conflict of interest under the following provisions of the Regents Policy:

  1. An employee participating in clinical trials or evaluation or development of a technology, process, or product owned or controlled by a business in which the employee, an immediate family member or an associated entity has a financial or business interest.
  2. An employee or immediate family member holding an executive position in a business engaged in commercial or research activities directly related to the employees University responsibilities.
  3. Regents Policy on Financial or Business Conflict of Interest (June 8, 2001), art.5, sec. III, subds. 1(a) and 2 (b)

The Committee is supportive of the potential benefits to be gained by Dr. Jordan work and does not wish to see it marred by conflict claims that could arise internally or publicly.

CONFLICT MANAGEMENT PLAN

There is currently no corporate funding of the research conducted at the University. If funding or other relationships change, these relationships must be disclosed, and the management plan will be reviewed and revised as warranted.

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