While only one biotechnology-patent securitization deal has been completed so far, two Boston-based individuals have proposed a plan to make the process of securitizing these assets simpler.

Pat Trombly and Ronald Douglas, who each have tax backgrounds from big-five accounting firms, have devised a way to use "check-the-box" tax regulations to ease the process of trying to fit a securitization vehicle into a trust for tax purposes. The Treasury Department's "check-the-box" tax rules allow certain eligible entities to simply choose their classification for federal tax purposes, thereby liberalizing the process of formulating a structure for securitization deals.

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