The settlement stipulates that the four non-exclusive viral vaccine sublicenses
previously granted to Moderna are the only sublicenses
Under the Amended License Agreement, Abattis has now been granted the exclusive, worldwide rights to a patent license, with the right to grant sublicenses
, to use the Bio-Pharma technology for growing products at licensed facilities, which products may only be used as ingredients in the pharmaceutical, neutraceutical, cosmetic and wellness markets, for total consideration of $600,000 to be paid by way of the issuance of 6,000,000 common shares of Abattis ($250,000, or 2,500,000 common shares of Abattis, of which was previously paid to Vertical Designs on execution of the original agreement).
InVivoScribe Technologies will make an upfront payment and royalties on sales and sublicenses
to Takara Bio.
He said the sublicense
issue "has enormous value that could reach tens of millions of dollars" and advised that anyone relying on a sublicenses
from Microsoft "seek the advice of their own counsel on the relevant language of the agreement.
In its suit, KCC Delaware said it paid $6 million for 26 percent of the entity that owns the sublicenses
to produce, market and manufacture RU-486.
Transferring the software to other hardware, using it on other equipment, granting subleases and sublicenses
, or otherwise letting a third party use the software is strictly prohibited, unless you negotiate those arrangements in advance.
The terms of the Second Amended and Restated Research and License Agreement between Zalicus and Sanofi allows Sanofi to sublicense
its rights to develop and commercialize Prednisporin on a global basis, and the milestones and royalties due to Zalicus for successful development and commercialization of Prednisporin would continue to apply in the event Sanofi sublicenses
the rights to Prednisporin.
At present, Lexicon remains open to negotiation regarding limited sublicenses
to companies and institutions that desire to develop in-house knockout mouse research programs.
Under the terms of its license with Sandia, Heliodyne may enter into sublicenses
with other companies in the industry.
com), a second generation RNA interference company developing novel therapeutics utilizing its proprietary Dicer Substrate Technology[TM], announced today that the company has secured the exclusive, worldwide right to grant sublicenses
to the Dicer Substrate RNAi (DsiRNA) intellectual property estate in-licensed by Dicerna.
If Myogen's product candidates do not meet safety or efficacy endpoints in clinical evaluations, they will not receive regulatory approval and Myogen and its sublicenses
will not be able to market them.
Going forward, AVANIR will be obligated to pay The Center for Neurologic Study milestones, a patent royalty on product sales, and a share of revenues received if AVANIR sublicenses
Neurodex to a third party.