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Initially, Macleod and Banting were particularly reluctant to patent their process for insulin on grounds of medical ethics. However, concerns remained that a private third-party would hijack and monopolize the research (as [[Eli Lilly and Company]] had hinted), and that safe distribution would be difficult to guarantee without capacity for quality control. To this end, [[Edward Calvin Kendall]] gave valuable advice. He had isolated [[thyroxin]] at the [[Mayo Clinic]] in 1914 and patented the process through an arrangement between himself, the brothers Mayo, and the [[University of Minnesota]], transferring the patent to the public university. On 12 April, Banting, Best, Collip, Macleod, and FitzGerald wrote jointly to the president of the [[University of Toronto]] to propose a similar arrangement with the aim of assigning a patent to the Board of Governors of the university. The letter emphasized that:{{blockquote|The patent would not be used for any other purpose than to prevent the taking out of a patent by other persons. When the details of the method of preparation are published anyone would be free to prepare the extract, but no one could secure a profitable monopoly.}}The assignment to the University of Toronto Board of Governors was completed on 15 January 1923, for the token payment of $1.00. The arrangement was congratulated in ''[[The World's Work]]'' in 1923 as "a step forward in medical ethics". It has also received much media attention in the 2010s regarding the issue of [[Health care prices in the United States|healthcare]] and [[Prescription drug prices in the United States|drug affordability]].

Translations:Insulin/71/en - Revision history

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