Examples of GSK License Agreement in a sentence
Under the GSK License Agreement, GSK has received an exclusive license for ARO-HSD, the Company’s investigational RNAi therapeutic being developed as a treatment for patients with alcohol-related and nonalcohol related liver diseases, such as nonalcoholic steatohepatitis (NASH).
AVANT has provided to PRF an accurate, complete and updated copy of the GSK License Agreement.
The net income during the three months ended March 31, 2022, and the reduction in net loss for the six months ended March 31, 2022 as compared to the six months ended March 31, 2021 was due to the recognition of the$120.0 million upfront payment received from GSK under the GSK License Agreement (as defined below).
AVANT represents and warrants to PRF the accuracy of the last sentence of Section 3.03 of the GSK License Agreement.
Except as provided on Schedule 3.17, GSK has no right of set-off, rescission, counterclaim, reduction, deduction or defense (each a “Set-off”) against Royalties or any other amounts payable to AVANT under the GSK License Agreement.
Finally, the GSK License Agreement resulted in an upfront payment of $120.0 million, which was received in January 2022.
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Borrower shall not amend, supplement or otherwise modify the PRF Agreements, the GSK License Agreement or the Gamble License Agreement without the prior written consent of the Lenders.
Borrower shall not become party to any “License Agreement” as defined in the PRF Agreements other than the GSK License Agreement and the Gamble License Agreement without the prior written consent of the Lenders.
No payments by AVANT or any Affiliate of AVANT, or to the Knowledge of AVANT, no payments by any other party are, or at any time in the future will become, due to any other Person in respect of the Intellectual Property or the Product, in each case that would diminish the Purchased Interest in any way, except for those contained in any License Agreement (including for the GSK License Agreement, the Set-offs).