Exhibit 10.2
AMENDMENT NO. 1 TO LICENSE AGREEMENT
This Amendment No. 1 to License Agreement, dated as of May 23, 2003
("AMENDMENT"), is entered into by and between AnorMED Inc., a company
incorporated in Canada ("ANORMED"), and Synergy Pharmaceuticals, Inc., a
Delaware corporation ("SYNERGY").
RECITALS
A. Pursuant to a License Agreement, dated August 28, 2002 ("LICENSE"),
as amended by this Amendment, AnorMED licenses to Synergy certain Patent Rights
and related Technical Information.
B. Synergy desires to license two additional patents and one patent
application from AnorMED, and AnorMED desires to license the same to Synergy,
all under the terms and conditions set forth in this Amendment and the License.
C. The two additional patents (US 5,981,538 and US 6,051,596) relate to
a method of treating psoriasis using the Licensed Compound and a method of
immunosuppression, using the Licensed Compound in combination with cyclosporine,
respectively.
D. The patent application is jointly owned by AnorMED and Synergy and
relates to the treatment of additional cancer indications (the "JOINTLY OWNED
PATENT APPLICATION").
E. A capitalized term used in this Amendment but not otherwise defined
shall have the meaning given to it in the License.
AGREEMENT.
The parties agree as follows:
1. AMENDMENTS TO LICENSE
The parties agree to amend the License as set forth in this Section 1.
1.1 DEFINITION OF PATENT RIGHTS
The definition of Patent Rights in Section 1 of the License is hereby
amended in its entirety to read as follows:
"PATENT RIGHTS" shall mean AnorMED's interest in all the patents and
patent applications set forth in Exhibit A attached hereto, together with all
divisionals, extensions, reissues, substitutions, renewals, continuations and
foreign counterparts thereof (including European Supplementary Protection
Certificates) and patents issuing thereon.
1.2 ANORMED'S WARRANTY
Section 11.2 of the License is hereby amended in its entirety to read
as follows:
Except for rights of Synergy, AnorMED represents and warrants that it
has full rights to the Patent Rights.
1.3 LICENSE OF ADDITIONAL PATENTS
Exhibit A to the License is hereby amended in its entirety to read as
set forth on Schedule 1 hereto.
1.4 CORRECTION OF SIGNATURE BLOCK
The heading to the signature of Synergy is hereby amended to read in
its entirety "SYNERGY PHARMACEUTICALS, INC."
2. OTHER AGREEMENTS
2.1 PROSECUTION OF THE JOINTLY OWNED PATENT APPLICATION
The parties agree that, notwithstanding Section 9.1 of the License,
Synergy shall diligently prosecute and take all reasonable steps required to
maintain in full force and effect and defend the Jointly Owned Patent
Application and patents issuing thereon in the Licensed Field and Territory.
Defending the Jointly Owned Patent Application and patents issuing thereon
includes, for example, interference and opposition proceedings pertaining to the
Jointly Owned Patent Application and patents issuing thereon, but does not
include enforcing the Jointly Owned Patent Application or patents issuing
thereon against third party infringers, which is covered by Section 9.2 of the
License. AnorMED agrees, without charge, to render such reasonable assistance,
execute any documents and do such other acts as may be reasonably necessary in
connection with the prosecution, maintenance or defense of the Jointly Owned
Patent Application and patents issuing thereon as Synergy may reasonably
request.
2.2 SYNERGY DEVELOPMENTS
The parties agree that Synergy's interest in the Jointly Owned Patent
Application and patents issuing thereon is a Synergy invention or development to
which Section 13.7 of the License would apply.
3. RATIFICATION OF LICENSE
The License is hereby reaffirmed and ratified by the parties thereto.
Except as specifically provided for herein, all of the terms and conditions of
the License shall remain unmodified and in full force and effect.
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4. COUNTERPARTS
This Amendment may be executed in one or more counterparts, each of
which shall constitute and original agreement, but all of which together shall
constitute one and the same agreement.
Remainder of page intentionally left blank. Signature page follows.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of the day and year first above written.
ANORMED INC.
By /s/ Xxxxxxx Xxxxxx
------------------------------------
Dr. Xxxxxxx Xxxxxx
Its President
SYNERGY PHARMACEUTICALS, INC.
By /s/ Xxxxxx Xxxxxx
------------------------------------
Xx. Xxxxxx Xxxxxx
Its President
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SCHEDULE 1 (AMENDED EXHIBIT A TO LICENSE)
EXHIBIT A
PATENT RIGHTS
U.S. Patent 5,981,538
U.S. Patent 6,051,596
