Payments to TSD for PPD Products. In regard to any Compound(s) from among SYR110322, SYR110619, [*] that PPD exercises Option #1 or PPD Option #2 pursuant to Section 12.3, then effective as of when PPD exercises such option, PPD shall have the same Milestone Payment and Royalty obligations to TSD that TSD would have had to PPD under Article 5 of this Agreement if it were TSD developing such PPD Product instead of PPD. PPD shall pay TSD out of Net Sales of PPD Products all costs in regard to Drug Substance, CTM and Finished Product of such elected Compound and any other Material transferred to PPD pursuant to Section 12.5.
Appears in 4 contracts
Samples: Buy Back Agreement, Confidentiality Agreement (Furiex Pharmaceuticals, Inc.), Confidentiality Agreement (Furiex Pharmaceuticals, Inc.)
