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ICAV follows standard practice in obtaining intellectual property from research institutions and out-licensing agreements with third parties. ICAV negotiates exclusive sublicenses with commercial partners for markets in the developed world while retaining rights to ensure that products will be available to lower- and middle-income countries (LMIs) at affordable prices.
Where commercial sublicenses are executed, institutions will benefit from royalties on sales by the commercial partner. Profits from royalties generated in developed-world markets will be reinvested in ICAV to ensure the sustainability of the ICAV pipeline.