Common use of Development Milestone Clause in Contracts

Development Milestone. For M834, Mylan shall pay to Momenta [***] within [***] after the first achievement by or on behalf of Momenta of [***] (the “Development Milestone”). Such Development Milestone payment shall be payable [***]. For clarity, if such Development Milestone event is not achieved, Mylan shall not owe the corresponding milestone payment.

Appears in 2 contracts

Sources: Collaboration Agreement (Momenta Pharmaceuticals Inc), Collaboration Agreement (Momenta Pharmaceuticals Inc)