Two medical research funders have agreed to exchange selected intellectual property (IP) assets in a bid to boost commercialization. Cancer Research Technology (CRT) of London and the UK's Medical Research Council Technology (MRCT) will offer each other the rights to discoveries funded by their respective parent organizations, the charity Cancer Research UK and the government-backed Medical Research Council (MRC). As part of the exchange, CRT will work on an MRC-derived project in cancer, whereas MRCT will reciprocate outside oncology with revenue sharing to be agreed on a case-by-case basis. MRCT and CRT are both 'super-TTOs', technology transfer offices, in that both run drug development facilities. CRT's Development Laboratory and MRCT's Centre for Therapeutics Discovery each produce preclinical data packages on small molecules and biologicals to add value to the original patented IP. Although the agreement between the two commercialization arms is broad in principle, the first swaps are likely to concern projects that would feed these internal development pipelines. According to Keith Blundy, CEO of Cancer Research Technology, “There are projects that both groups are already working on, but we are not necessarily 'kitted out' in the relevant clinical area. We may not have the biological models needed to progress the project.”