***TEXT OMITTED AND FILED SEPARATELY
CONFIDENTIAL TREATMENT REQUESTED
UNDER 17 C.F.R. XX.XX. 22.80(b)(4),
200.83 AND 240b-2
AGREEMENT
This Agreement is by and between Centocor, Inc. ("CENTOCOR"), having a business
address of 000 Xxxxx Xxxxxx Xxxxxxx, Xxxxxxx, XX 00000-0000, and Corvas
International, Inc. ("CORVAS"), having a business address of 0000 Xxxxxxx Xxxx
Xxxx, Xxx Xxxxx, XX 00000.
WHEREAS, pursuant to a September 14, 1990 letter agreement and a November 7,
1991 letter agreement, CENTOCOR and CORVAS agreed to jointly develop a
pharmaceutical product based on an antibody designated Corsevin M; and
WHEREAS, CENTOCOR notified CORVAS, by letter dated November 20, 1991, that
CENTOCOR wished to obtain an exclusive license to Corsevin M; and
WHEREAS, the parties did not negotiate or enter into a license agreement
directed to Corsevin M; and
WHEREAS, CENTOCOR, by letter dated August 10, 1994, notified CORVAS that
CENTOCOR was terminating its efforts to develop Corsevin M; and
WHEREAS CORVAS now desires to obtain materials and information related to
CENTOCOR's efforts to develop Corsevin M;
NOW, THEREFORE, the parties agree as follows:
1. CORVAS agrees that during the period September 14, 1990 through August
10, 1994, CENTOCOR diligently worked to develop a pharmaceutical
product based on Corsevin M, and hereby waives any right to bring or
prosecute any legal action against CENTOCOR in connection therewith.
2. The parties agree that effective August 10, 1994, any obligations to
develop Corsevin M by CENTOCOR ceased, and CENTOCOR ceased to have any
right or license from CORVAS to commercialize Corsevin M.
3. CENTOCOR agrees to return to CORVAS all materials and documents which
CORVAS originally transferred to CENTOCOR, including the murine cell
line designated 12D10.
4. CENTOCOR agrees to provide CORVAS with information and materials
related to Corsevin M which were developed by CENTOCOR, including the
chimeric 12D10 cell line and purified Fab fragment of chimeric 12D10
antibody.
5. In consideration of CENTOCOR's diligent efforts to develop Corsevin M,
and the materials CENTOCOR agrees to provide CORVAS under Paragraphs 3
and 4 above, CORVAS agrees to pay CENTOCOR the following:
a) [...***...] of sales invoiced to end users by CORVAS, an
affiliate of CORVAS, or any licensee or distributor acting on
CORVAS' behalf, of any product based on Corsevin M; and
b) [...***...] of all fees received by CORVAS from a licensee or
distributor for any product based on Corsevin M until a
cumulative total of [...***...] has been paid to Centocor.
Payment is to be made to Centocor with fifteen (15) days
following CORVAS' receipt.
AGREED AND ACCEPTED
CENTOCOR, INC. CORVAS INTERNATIONAL, INC.
By: /S/ XXXXXX X. XXXXXXX By: /S/ XXXXXXX X. XXXXX
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Title: PRESIDENT Title: PRESIDENT AND CEO
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Date: 7/12/00 Date: JULY 14, 2000
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*CONFIDENTIAL TREATMENT REQUESTED
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