[Federal Register Volume 76, Number 150 (Thursday, August 4, 2011)]
[Notices]
[Pages 47216-47217]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-19821]


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DEPARTMENT OF HEALTH AND HUMAN SERVICES

National Institutes of Health


Expediting Research Tools to NIH Licensees Through the Use of 
Pay.gov for Rapid Processing of Royalty Payments

AGENCY: National Institutes of Health, Public Health Service, HHS.

ACTION: Notice.

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SUMMARY: NIH licensees can now expedite the receipt of research tools 
through the use of Pay.gov for rapid processing of their royalty 
payments.

SUPPLEMENTARY INFORMATION: With its introduction earlier this year, NIH 
licensees have found that using the new royalty payment site within 
Pay.gov expedites processing times for shipment of their research tools 
licensed from the NIH and FDA intramural research programs. The value 
of such time savings to corporate R&D programs is not trivial since 
waiting too long to secure research materials or tools can delay or 
sink a critical drug development program or other business venture. By 
eliminating the need for bank checks, the bank-to-bank transfer system 
at Pay.gov has shortened the processing time for research tool and 
other license agreements from several months down to a day or less. For 
example, a recent transaction for baculovirus vectors at NIH was indeed 
processed in a single afternoon allowing for almost instantaneous 
release of the licensed materials from the inventors laboratory.
    Informal comments that NIH has received to date from licensees who 
have started to use Pay.gov for their royalty payments include: ``For 
Pay.gov, it's easy, convenient and fast, I guess that's what I 
experienced.'', ``It literally only took me about 5 minutes after 
reading the email/letter to process payment. Great service!'' and ``I 
just completed sending all the MAR payments and it was great! I am glad 
I decided to try the system.''
    Pay.gov itself is a multifaceted web-based application allowing 
anyone to make Automated Clearing House (ACH) payments to government 
agencies by debit from a checking or savings account. Pay.gov is open 
24-7, and is

[[Page 47217]]

encouraged for use in all types of royalty payments with NIH.

FOR FURTHER INFORMATION CONTACT: Companies looking to save time on 
their royalty transactions with NIH can easily pay royalties on Pay.gov 
by going to https://www.pay.gov and clicking on NIH in the agency list. 
Pay.gov is maintained by the U.S. Department of the Treasury. For more 
information about the Pay.gov system itself, visit https://www.pay.gov/paygov/faqs.html.

    Dated: July 28, 2011.
Steven M. Ferguson,
Deputy Director, Licensing & Entrepreneurship, Office of Technology 
Transfer, National Institutes of Health.
[FR Doc. 2011-19821 Filed 8-3-11; 8:45 am]
BILLING CODE 4140-01-P