Examples of Acuitas in a sentence
Additionally, the technology access fees, target reservation and maintenance fees, expenses associated with the full-time employee funding obligations and reimbursements for development and material costs incurred by Acuitas are recorded as research and development expense when incurred.
In order to reserve a Reserved Target, the Company must provide a target reservation notice to Acuitas and must pay a target reservation and maintenance fee of $0.1 million per target per contract year.
The royalty payment is contingent upon sales of licensed products under the Acuitas License Agreement.
In connection with the option exercise, the Company paid Acuitas an option exercise fee of $1.5 million.
Under the Acuitas License Agreement, the Company is required to pay Acuitas an annual license maintenance fee of $1.0 million for the first and second targets and $0.8 million for the third target until the Company achieves a particular development milestone.
In August 2020, the Company entered into a Development and Option Agreement (the “Development and Option Agreement”) with Acuitas Therapeutics, Inc.
These organizations cover the four organizational sponsorship types identified during Phase 1: a hospital system (Champlain Valley Physicians Hospital, which hosts the Northern Adirondack Pod); an IPA (Greater Rochester IPA); a payer-sponsored program (CDPHP’s Acuitas program, organized as a joint venture with CapitalCare Physicians Group); and an entrepreneur (Aledade).These profiles also appear in the appendices of the PHIP Small Practice Project Interim Qualitative Report.
Under the Development and Option Agreement, the Company may reserve up to three specified targets (“Reserved Targets”) for development of therapeutic products related to such targets, using the Acuitas LNP Technology.
Although a confirmation of shareholding as of 31 December 2019 from Acuitas was requested, no information was provided.
Acuitas has been a shareholder since November 2018, holding approx.