Tuesday, April 23, 2013 7:19:57 PM
4-30-12 10K (iss. 7-16-12) http://tinyurl.com/79o57b2
Pg.10 IN-LICENSING COLLABORATIONS
PS-Targeting Program
Bavituximab
In Aug. 2001 & Aug. 2005, we exclusively in-licensed the worldwide rights to the PS-targeting technology platform from the UT Southwestern Medical Center at Dallas (“UTSWMC”), including bavituximab. . .
Under our in-licensing agreements relating to bavituximab, we typically pay an up-front license fee, annual maintenance fees, and are obligated to pay future milestone payments based on potential clinical development and regulatory milestones, plus a royalty on net sales and/or a percentage of sublicense income. The applicable royalty rate under each of the foregoing in-licensing agreements is in the low single digits. The following table provides certain information with respect to each of our in-licensing agreements relating to our bavituximab program.
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