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Posted On: 02/22/2021 12:18:54 PM
Post# of 72433
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Pete From the AS agreement.
(i) Development Milestones
For the UP/UPS Indication:
(1) US$ 1 million, upon Commencement of the First Phase III Clinical Trial; and
(2) US$ 1 million, upon the first filing of the Marketing Approval application to the US Regulatory Authority (“FDA”) or the EU Regulatory Authority (“EMA”), as applicable, without any duplication;
(ii) Regulatory Milestones
For the UP/UPS Indication:
(1) US$ 3 million, upon obtainment of the Marketing Approval from FDA; and
(2) US$ 1 million, upon obtainment of the Marketing Approval from EMA.
(iii) Sales Milestones
First achievement of US$ 100 million US$ 3 million
First achievement of US$ 200 million US$ 6 million
First achievement of US$ 300 million US$ 9 million
(i) Development Milestones
For the UP/UPS Indication:
(1) US$ 1 million, upon Commencement of the First Phase III Clinical Trial; and
(2) US$ 1 million, upon the first filing of the Marketing Approval application to the US Regulatory Authority (“FDA”) or the EU Regulatory Authority (“EMA”), as applicable, without any duplication;
(ii) Regulatory Milestones
For the UP/UPS Indication:
(1) US$ 3 million, upon obtainment of the Marketing Approval from FDA; and
(2) US$ 1 million, upon obtainment of the Marketing Approval from EMA.
(iii) Sales Milestones
First achievement of US$ 100 million US$ 3 million
First achievement of US$ 200 million US$ 6 million
First achievement of US$ 300 million US$ 9 million
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Leo Took The Money and Ran