Examples of Regulatory Milestone in a sentence
Licensee shall pay to Licensor the following one-time, non-refundable, non-creditable development milestone payments set forth below upon the first occurrence of the applicable milestone event with respect to a Compound, provided that each such milestone payment shall be due only once: Development & Regulatory Milestone EventDevelopment & Regulatory Milestone Payment1.
Each Development Milestone Payment and Regulatory Milestone Payment applicable to Licensed Product directed to an Additional Target related to a Very Rare Indication shall equal [***]% of the Dollar value set forth in the tables above.6.8 Payment by Equity Issuance.
For three (3) years following the Effective Date, if Spark is listed on a national securities exchange, Spark shall have the right, but not the obligation to settle up to 50% of its obligation to make any Development Milestone Payment or Regulatory Milestone Payment coming due in such period by issuing Spark Common Stock having a [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.
Following receipt of notification by Celgene to Prothena that Celgene has achieved the applicable milestone event triggering a Regulatory Milestone Payment hereunder, Prothena shall invoice Celgene for the applicable Regulatory Milestone Payment, and Celgene shall pay such Regulatory Milestone Payment within [***] ([***]) days after receipt of the invoice therefor.
According to the preliminary assessment of the Company, the Upfront Payment and the Regulatory Milestone Payments incurred for the Licensed Product meet the criteria for the recognition of the intangible assets and are expected to generate probable future economic benefits to the Company.