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Brown, Lifespan sign deal on marketing discoveries

PROVIDENCE, R.I. (AP) -- Brown University has signed a deal with Lifespan to market biomedical discoveries and inventions by researchers in the state's largest health system.

The university said Monday that its Technology Ventures Office will help manage and provide marketing, licensing, business development and other services for certain new discoveries made by Lifespan scientists.

Brown last year expanded a similar arrangement with Care New England to cover all the hospitals within that health system.

A university spokesman says Lifespan, Care New England and Brown's own division of biology and medicine together received $200 million in biomedical research grants in fiscal year 2012.

Dr. Mark Schlissel, Brown's provost, notes Providence's biomedical sector is growing and that the university will help bring new discoveries to the marketplace.