University of Missouri settles lawsuit

The University of Missouri system settled a nearly two-year old lawsuit.

The school had accused former University of Missouri-Kansas City pharmacy professor Ashim Mitra of stealing a student's research and selling it to a pharmaceutical company.

The suit alleged Mitra improperly received $1.5 million from the sale and could receive more cash on what officials said could be a billion-dollar drug developed from the research.

In announcing the settlement, school officials said “the university has withdrawn and dismissed its claims regarding inventorship and acknowledges the inventors are properly named and that no additional parties should be included as inventors on the patents or patent applications.” Terms of the settlement were not disclosed.

Read more from The Kansas City Star.