Aren't institutions of higher education meant to do research to propogate information in a free society? Universities aren't businesses (at least not in the manufacturing/production sense). Was the university going to be using their patents to develop products? If this proves to be successful, this might start a trend in university suing over patents/research papers...
It should be interesting. Could be really bad.
It's been an issue for a while. Universities use public money to fund research which then gets packed away where it won't see the light of day and isn't allowed to benefit anyone. It's even worse when they do it with a big company like Pfizer. University takes public money and does research with private company. Private company gets the rights to the drug and charges astronomical fees to people that need it to save their life.
UW wasn't doing anything with this patent and used public dollars to create it. The knowledge should be shared with anyone looking to utilize it. Why give these institutions money to research things then sit on them and be patent trolls.