“Is Vyera's cut worldwide . ?????? On all indica
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Posted On: 04/15/2021 10:40:23 AM
Re: reallypeople? #86666
“Is Vyera's cut worldwide . ?????? On all indications .
What about American Regent ??”
Vyera is for HIV only, so no % for them, and American Regent is for COVID distribution in the U.S., so no % for them either.
For COVID sales in the Philippines, CYDY will pay a % to Chiral Pharma, a % to Progrnics (owned by another company now) and a % to AbbieVie. The Incelldx COVID patent may require payment as well but I don’t see any mention of it in the 10K so that may still be an undecided issue.
From the most recent 10K, page 47:
“Under the Progenics Purchase Agreement, we are required to pay Progenics the following ongoing milestone payments and royalties: (i) $5.0 million at the time of the first U.S. new drug application approval by the FDA or other non-U.S. approval for the sale of leronlimab (PRO 140); and (ii) royalty payments of up to five percent (5%) on net sales during the period beginning on the date of the first commercial sale of leronlimab (PRO 140) until the later of (a) the expiration of the last to expire patent included in the acquired assets, and (b) 10 years, in each case determined on a country-by country basis. In addition, under a Development and License Agreement, dated April 30, 1999 (the “PDL License”), between Protein Design Labs (now AbbVie Inc.) and Progenics, which was previously assigned to us, we are required to pay AbbVie Inc. additional milestone payments and royalties as follows: (i) $0.5 million upon filing a BLA with the FDA or non-U.S. equivalent regulatory body; (ii) $0.5 million upon FDA approval or approval by another non-U.S. equivalent regulatory body; and
(iii) royalties of up to 3.5% of net sales for the longer of 10 years and the date of expiration of the last to expire licensed patent. Additionally, the PDL License provides for an annual maintenance fee of $150,000 until royalties paid exceed that amount.”
What about American Regent ??”
Vyera is for HIV only, so no % for them, and American Regent is for COVID distribution in the U.S., so no % for them either.
For COVID sales in the Philippines, CYDY will pay a % to Chiral Pharma, a % to Progrnics (owned by another company now) and a % to AbbieVie. The Incelldx COVID patent may require payment as well but I don’t see any mention of it in the 10K so that may still be an undecided issue.
From the most recent 10K, page 47:
“Under the Progenics Purchase Agreement, we are required to pay Progenics the following ongoing milestone payments and royalties: (i) $5.0 million at the time of the first U.S. new drug application approval by the FDA or other non-U.S. approval for the sale of leronlimab (PRO 140); and (ii) royalty payments of up to five percent (5%) on net sales during the period beginning on the date of the first commercial sale of leronlimab (PRO 140) until the later of (a) the expiration of the last to expire patent included in the acquired assets, and (b) 10 years, in each case determined on a country-by country basis. In addition, under a Development and License Agreement, dated April 30, 1999 (the “PDL License”), between Protein Design Labs (now AbbVie Inc.) and Progenics, which was previously assigned to us, we are required to pay AbbVie Inc. additional milestone payments and royalties as follows: (i) $0.5 million upon filing a BLA with the FDA or non-U.S. equivalent regulatory body; (ii) $0.5 million upon FDA approval or approval by another non-U.S. equivalent regulatory body; and
(iii) royalties of up to 3.5% of net sales for the longer of 10 years and the date of expiration of the last to expire licensed patent. Additionally, the PDL License provides for an annual maintenance fee of $150,000 until royalties paid exceed that amount.”
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