Examples of Bayer Agreement in a sentence
On June 28, 2017, we received Bayer’s written notice terminating the Bayer Agreement.
Bayer Agreement On June 15, 2015, we and Bayer entered into a License and Development Agreement, or the Bayer Agreement, pursuant to which we granted Bayer an exclusive worldwide license to our Impede® Technology for use in an undisclosed methamphetamine resistant pseudoephedrine-containing product and providing for the joint development of such product using our Impede Technology for the U.S. market.
Bayer HealthCare has the right to terminate the Bayer Agreement without cause with at least six months or twelve months advance notice depending on defined circumstances at the time of termination.
MainPointe also has options to expand the territory and products covered for additional sums following the termination of the Bayer Agreement.
Bayer exercised its convenience termination right prior to the completion of our development obligations under the Bayer Agreement, which we believe is as a result of Bayer’s de- prioritization of development of the methamphetamine resistant PSE-containing product contemplated in the Agreement.