University of Pennsylvania Tops Licensing List

Licensing revenue figures, in million, are for fiscal 2021, which for most of the institutions ended on June of that year. Penn's revenue for that year includes just some of the money it made from Pfizer-BioNTech and Moderna COVID-19 vaccines, which used a technology developed at Penn.

AUTM said some institutions that participated in its survey covering fiscal 2021 chose to keep their revenue private. Among them was an institution that would have made the top 10, but not ahead of Penn.
Source: AUTM