I laugh at people like JTORENCE. He rips Leo and c
Post# of 72446
(Total Views: 395)
Posted On: 09/18/2018 11:28:55 AM
I laugh at people like JTORENCE. He rips Leo and company on a daily basis with nonsense posts and yet the clown never even new that U of P gets a 5% royalty. It's been in effect since 2003. Just shows you how screwed up they are over and will say anything to scare people away from IPIX.
BTW It's not officially 5% unless B is used as a coating for medical devices.
Until then it's 3.5%
In further consideration of the exclusive license granted to Licensee hereunder, Licensee shall pay to Penn a royalty on the Gross Sales by Licensee, its Affiliates and/or Sublicensees as follows:
(a) 3.0% on Gross Sales for Penn Licensed Products that are sold as pharmaceuticals under an approved NDA or other similar regulatory filing;
(b) 1.5% on Gross Sales for Penn Licensed Products that are sold as coatings for use in medical devices under an approved PMA, 510(k) application or other similar regulatory filing; and
(c) 0.5% on all other Gross Sales for Penn Licensed Products.
BTW It's not officially 5% unless B is used as a coating for medical devices.
Until then it's 3.5%
In further consideration of the exclusive license granted to Licensee hereunder, Licensee shall pay to Penn a royalty on the Gross Sales by Licensee, its Affiliates and/or Sublicensees as follows:
(a) 3.0% on Gross Sales for Penn Licensed Products that are sold as pharmaceuticals under an approved NDA or other similar regulatory filing;
(b) 1.5% on Gross Sales for Penn Licensed Products that are sold as coatings for use in medical devices under an approved PMA, 510(k) application or other similar regulatory filing; and
(c) 0.5% on all other Gross Sales for Penn Licensed Products.
(4)
(0)