Examples of KHK Agreement in a sentence
We recognized $8.4 million, being 20% of the combined license revenue recognized under the KHK Agreement and Fosun Agreement, as cost of revenue in the year ended December 31, 2017.
Under the terms of the KHK Agreement, the Company received an aggregate of $30.0 million in up-front license fees which was recognized as revenue when the agreement was executed.
Pharmstandard acknowledges that KHK has the right under the KHK Agreement to participate in any such action in accordance with the terms thereof.
Pharmstandard acknowledges that KHK has the right under the KHK Agreement to obtain access to any reports, filings and data provided by Pharmstandard (and its Affiliates and Sublicensees) hereunder, it being understood that such reports, filings and data shall be deemed Confidential Information of Pharmstandard and subject to the terms of Article 6 herein.
Pharmstandard acknowledges that KHK has certain rights (but not the obligation) under the KHK Agreement to enforce certain Licensed Patents with respect to activities or conduct of a Third Party outside of the Field, and that each of the Party’s rights and obligations with respect to enforcement of Licensed Patents hereunder shall be subject to such KHK rights.
Neither Party shall enter into any settlement of any claim described in this Section 5.5 that affects the other Party’s rights or interests (or the rights or interests of KHK under the KHK Agreement) without such other Party’s (or KHK’s, if applicable) written consent, which consent shall not be unreasonably withheld or delayed.
The Parties acknowledge that in order for Pharmstandard to become a registered user of the Licensed Patents in the Pharmstandard Territory it may be necessary to have the KHK Agreement registered with the respective local patent authorities.
Revenue by geographic areas for the years ended December 31, 2017, 2016 and 2015, are as follows (in thousands): Year Ended December 31, 201720162015United States$ —$ —$ —International: Asia Pacific (1)42,000——Europe (2) — — 24,026Total revenue$ 42,000$ —$ 24,026 (1) Revenues from Asia Pacific in 2017 included $30.0 million from Japan in accordance with the KHK Agreement and$12.0 million from China in accordance with the Fosun Agreement.
AVEO is required to maintain the KHK Agreement in effect, and not enter into any amendment or termination thereof that would adversely affect Opthotech’s rights, during the Option Period.
Pharmstandard shall cooperate with AVEO with respect to AVEO’s efforts to comply with the foregoing obligation to KHK under the KHK Agreement; it being understood that such materials shall be deemed Confidential Information of Pharmstandard.