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In consideration for the license grant, Wanbang agrees to make upfront, milestone and royalty payments as below:
i. US$200,000 upon the signing of this agreement (paid in F2014 and recorded as revenue);
ii. US$300,000 upon successful completion of the first line test (paid in F2016 and recorded as revenue);
iii. US$500,000 upon successful filing of IND application under CFDA (paid during the period and recorded as revenue);
iv. US$500,000 upon receipt of CTA by CFDA for a Phase I study in the territory;
v. US$1,500,000 upon receipt of CTA by CFDA for a Phase III study;
vi. US$2,500,000 upon successful completion of a first Phase III study;
vii. US$4,000,000 upon NDA approval by CFDA in the territory; and
viii. Running royalties of 5% on product net sales during the royalty period
Read more at http://www.stockhouse.com/companies/bullboard#pbk0boAWPbX2kE…
 
aus der Diskussion: Sirona Biochem
Autor (Datum des Eintrages): Trenibrother  (31.08.18 14:06:25)
Beitrag: 7,262 von 31,047 (ID:58583015)
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