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Israeli universities, research institutions, hospitals, and HMOs set up 74 companies, filed 623 new patents and created 329 new licensing agreements last year, according to the Israel Technology Transfer Network 2018 annual report.

The most active sectors for Israeli technology transfer operations — when technologies and research developed in universities and other centers cross over to the industry in a bid to become commercially viable products — were in the fields of pharma and biotech, accounting for some 40 percent of activity, the report said.