Ficla Amount definition
Ficla Amount means, for any given calendar year, the proceeds to the Company of all CVR Payment Events in such year, less all of the Company’s costs and expenses associated with development, marketing, sale, production, manufacture, licensing of ficlatuzumab or of rights relating to ficlatuzumab since the last CVR Payment Event (excluding the costs of the FOCAL clinical trial), and less any amount determined by the Company to be necessary to maintain adequate reserves to cover potential future negative cash flows resulting from the Company’s ownership rights in the drug ficlatuzumab; provided that any negative Ficla Amount from a previous calendar year shall carry forward to the following year’s Ficla Amount. For the purposes of clarity, the Company’s interest in the diagnostic test that identifies patients likely to respond to ficlatuzumab, BDX004, shall not be included in the definition of Ficla Amount.