University of Virginia Library

CONFLICT OF INTEREST EXEMPTION (ALGLUTAMINE, LLC)

WHEREAS, the School of Medicine wishes to enter into sponsored research contracts with AlGlutamine, LLC, for developing glutamine derivatives to be used in oral hydration and nutrition therapy; and

WHEREAS, Richard Guerrant, M.D., and Timothy Macdonald, Ph.D., have disclosed in advance their equity interests of 22.82% and 19.02, percent, respectively, in AlGlutamine, LLC; and

WHEREAS, the University's entry into research agreements with AlGlutamine, LLC, would thereby expose Drs. Guerrant and Macdonald to violation of the Virginia Conflict of Interests Act unless approved by the Board as permitted by §2.1-639.6(c)(7) of the Code of Virginia;

RESOLVED that the conflict of interest of Richard Guerrant, M.D., and Timothy Macdonald, Ph.D., is approved by the Board of Visitors in order to permit the University to enter into agreements with AlGlutamine, LLC, for research funding for the development of glutamine derivatives to be used in oral hydration and nutrition therapy; provided, as required by the law, Dr. Guerrant and Mr. Macdonald file the required annual disclosure statement of personal interests in AlGlutamine, LLC, the University files the required annual report concerning the contracts with the Secretary of the Commonwealth, and the relevant department chair vigilantly oversees application of University resources in the best interests of the University and in accordance with policy.