Exhibit 10.11.1
ADDENDUM NO. 1 TO COLLABORATION AGREEMENT
This Addendum No. 1 to Collaboration Agreement ("Addendum"), is made as of
this ____ day of January, 2001, by and between Versicor Inc., a Delaware
corporation having a principal place of business at 00000 Xxxxxxxxx Xxxxx,
Xxxxxxx, Xxxxxxxxxx 00000 ("Versicor") and Biosearch Italia, S.P.A., an Italian
corporation having its principal place of business at xxx X.Xxxxxxx 00, 00000
Xxxxxxxxx (Varese) ("Biosearch").
RECITALS
WHEREAS, Versicor and Biosearch have entered into a Collaboration
Agreement dated February 12, 1998 ("BIOCOR") in order to conduct a
collaborative research program to optimize and develop Biosearch lead
compounds as therapeutic materials;
WHEREAS Versicor and Biosearch now wish to collaborate through BIOCOR
in the identification, development, optimization and evaluation of lead
compounds (and molecular scaffolds derived therefrom) identified or developed
by Biosearch using Versicor protein targets;
NOW, THEREFORE, in consideration of the covenants and undertakings
herein contained, Versicor and Biosearch hereby agree to supplement BIOCOR as
follows:
SECTION 1. DEFINITIONS
1.1 Capitalized terms shall have the meanings set forth in BIOCOR, with the
additions set forth below.
1.2 "Biosearch HTS Programs" means high throughput screening programs
implemented by Biosearch to identify hits.
1.3 "Consortium" means the Consorzio Xxxxxxx Xxxxxxx.
1.4 "Joint Lead Compounds" means those lead compounds (and molecular scaffolds
derived therefrom) identified or developed by Biosearch using Versicor Assays.
1.5 "Joint Optimized Compounds" means any Joint Lead Compounds selected by the
JMC as a candidate for Animal Studies (as defined in BIOCOR, but with respect to
Joint Lead Compounds as opposed to Biosearch Lead Compounds), and possibly
additional preclinical and clinical studies.
1.6 "Versicor Assays" means protein targets supplied by Versicor to Biosearch.
SECTION 2. RESPONSIBILITIES OF THE PARTIES
2.1 COLLABORATION. Under the terms set forth herein, Versicor and Biosearch
agree to collaborate in the identification, development, optimization and
evaluation of Joint Lead Compounds and Joint Optimized Compounds. Such
collaboration will be conducted pursuant to
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a Compound Development Plan, an initial outline of which is attached to BIOCOR
as SCHEDULE 2.1, except as that plan may be supplemented or modified herein or
by further agreement of the Parties. Each of the Parties will be responsible for
the conduct of those portions of the Compound Development Plan allocated to it
and each Party shall be responsible for all costs associated with its activities
under the Compound Development Plan, unless otherwise specified in this
Addendum. In addition, in carrying out the Compound Development Plan and their
other responsibilities hereunder, as appropriate, Versicor and Biosearch shall
furnish to one another and to the JLDC written reports concerning each Party's
respective data and describe progress under the Compound Development Plan and
Sections 2.2 and 2.3 hereof.
2.2 BIOSEARCH HTS PROGRAMS. Biosearch will, in its sole discretion, introduce
Versicor Assays into Biosearch HTS Programs. Biosearch will identify and confirm
hit(s), and shall submit confirmed hit(s) to the JLDC for review and
determination of whether or not to develop a hit toward a Joint Lead Compound.
As to any confirmed hit selected for further development toward a Joint Lead
Compound, Biosearch shall perform such further development as the JLDC may
direct (including activities within the scope of Section 2.2(a) of BIOCOR). The
Parties shall share equally the costs associated with such further development.
The JLDC may determine during or at the end of development of a confirmed hit to
designate such developed hit a Joint Lead Compound. In the event that the JLDC
determines that a Joint Lead Compound would benefit from lead optimization, then
Versicor shall perform the activities specified in Section 2.2(b) of BIOCOR with
respect to such Joint Lead Compound, provided that Biosearch has conducted at
least the activities specified in Section 2.2(a) of BIOCOR with respect to such
Joint Lead Compound. In the event that (1) the JLDC determines that a certain
Joint Lead Compound would not benefit from lead optimization and (2) all of the
JLDC representatives of one Party voted that such Joint Lead Compound would
benefit from lead optimization, then such Party may, at its own expense, conduct
such lead optimization.
2.3 ANIMAL STUDIES. After approval by the JMC of a Joint Lead Compound as a
Joint Optimized Compound, Biosearch shall conduct Animal Studies (as defined in
BIOCOR, but with respect to Joint Lead Compounds as opposed to Biosearch Lead
Compounds) of such Joint Optimized Compound.
2.4 RIGHTS JOINTLY HELD BY PARTIES. All rights in Joint Lead Compounds and
Joint Optimized Compounds shall be held jointly by the Parties. Unless agreed
between the Parties, neither Party may transfer, license, sell or otherwise
provide such compounds to any Third Party for any use or may use such compounds
for any use not agreed to by the Parties hereunder.
2.5 CONSORTIUM. Versicor shall commit the project "Development of new
antibacterial agents from natural scaffolds, by combichem and medicinal
chemistry approaches" to Biosearch and shall fund that project through the
Consortium to the extent set forth in ATTACHMENT 1 hereto.
2.6 PAYMENTS. All payments made pursuant to this Addendum shall be in Euros.
In addition, the payments to Biosearch provided in Section 2.5 of BIOCOR shall
not apply to matters covered by this Addendum.
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2.7 APPLICATION OF CERTAIN BIOCOR PROVISIONS. The provisions of Articles 3
through 14 of BIOCOR shall apply, as appropriate, to Joint Lead Compounds and
Joint Optimized Compounds as well as to Biosearch Compounds and Optimized
Compounds.
2.8 AUDIT PROVISION. Versicor, or its designee, shall have the right, during
regular business hours and upon reasonable notice, to audit Biosearch's records
relating to (1) those costs, described in Section 2.2 herein, which are incurred
by Biosearch and for which Versicor has shared responsibility under this
Addendum (2) Biosearch's expenditures within the scope of the funding described
in Section 2.5 hereto.
IN WITNESS WHEREOF, Versicor and Biosearch have executed this Agreement to
be effective on the date first above written.
AGREED:
VERSICOR:
/s/ Xxxxxx X. Xxxxxx III
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Signature
Xxxxxx X. Xxxxxx III
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Name
CEO & President
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Title
00000 Xxxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxxxxx 00000
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Address
BIOSEARCH:
/s/ Xxxxxxx Xxxxxx
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Signature
Xx. Xxxxxxx Xxxxxx
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Name
CEO
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Title
Biosearch Italia S.p.A.
Xxx X.xxxxxxx x.00 - 00000 Xxxxxxxxx (XX) - Xxxxx
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Address
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ATTACHMENT 1
PROVISIONAL COSTS (IN THOUSAND OF EURO)
Years 1 2 3 TOTAL
2 senior chemists 130 130 130 390
4 younger chemists 186 186 186 558
BI bench fees (1) 123 123 123 369
BI other services (2) 28 56 81 165
BI consultancy (3) 45 32 16 93
Consortium (4) 43 43 43 129
Total 555 570 5,790 1,704
Costs do not include: overseas travel and accommodation expenses, eventual
purchase of dedicated instrumentation and non-standard analyses/activities.
(1): laboratory use, consumables, canteen and general services
(2): Analytical, Medical Microbiology, etc.
(3): about 10-20% of time of 2 BI employees
(4): about 7% of research costs plus the entry fee
A-1
