The objective of this course is to introduce students to the business realities of modern biomedical science which is patent-driven and product-oriented. Lectures from invited speakers from the biomedical, legal, regulatory and business worlds will provide basic terminology and perspective to give an overview for how an idea in the laboratory is translated into a marketable commodity. Topics will include explanation and discussion of intellectual property, medical clinical trials, federal and institutional regulatory mechanisms, logistics of creating and sustaining research collaborations, writing a business plan, patent fundamentals and similar. Keystone speakers who have bridged the science and business experiences will present their stories of inspiration, travails and success. 2 cr., Pass/Fail, Fall sem.