Research Milestone Payments. Vertex shall make research milestone payments to Alios based on achievement of research milestones set forth below. Except as provided below, Vertex shall pay the amounts set forth below within [***] after first achievement of [***], as applicable. Each [***] by Vertex to Alios hereunder shall be non-creditable and non-refundable. After payment of the [***], there shall be no further milestones payable by Vertex upon [***].
Appears in 2 contracts
Sources: License and Collaboration Agreement (Vertex Pharmaceuticals Inc / Ma), License and Collaboration Agreement (Vertex Pharmaceuticals Inc / Ma)