Examples of Takeda Agreement in a sentence
Under the terms of the Takeda Agreement, the Group is entitled to receive a series of payments up to US$1.13 billion, including upfront, regulatory, development and commercial sales milestone payments, plus royalties on net sales in the Territory.
If requested by Purchaser, Andrx will reasonably consider developing and/or manufacturing an extension to Altoprev and/or Fortamet, including combination products other than the products expressly permitted by the Takeda Agreement or the Alzheimer’s Field of Use.
Following the Closing Date, Seller and Purchaser shall consult with each other regarding the timing, manner and conduct of any review or audit of Takeda’s books and records pursuant to Section 7.10 of the Takeda Agreement, provided that, the timing, manner and conduct of any such review or audit shall be determined by Seller in its sole discretion.
Services are performed over the term of the Takeda Agreement and amounts allocated are recognized over time using a percentage-of-completion method.
In addition, Seller shall, subject to Section 8.7, provide to Purchaser a copy of any written notice of breach or alleged breach of the Takeda Agreement delivered by Seller to Takeda as soon as practicable and in any event not less than [***] following such delivery.
Seller has not received nor provided any written notice or any other communication, from or on behalf of Takeda challenging or threatening to challenge the validity or enforceability of the Takeda Agreement or any obligation of Takeda thereunder, including any obligation to pay the Royalty/Milestone Interests or any other payment thereunder.
The Takeda Agreement has the following material performance obligations: (1) the licenses for the development and commercialization of Fruquintinib in the Territory and the manufacture of Fruquintinib for use in the Territory, (2) services for research and development of ongoing clinical trials, regulatory submissions and manufacturing technology transfer and (3) manufacturing supply.
At all times prior to the occurrence of the Milestone Event, Acquiror shall comply with, and shall ensure that the Surviving Corporation shall comply with, all obligations under the Takeda Agreement regarding the development, seeking regulatory approval of and commercialization of products containing Ceftaroline.
Royalties are recognized as future sales occur as they meet the requirements for the sales-usage based royalty exception.Revenue recognized under the Takeda Agreement is as follows:14.
You state that the Takeda Agreement is being terminated effective as of July 6, 2023 and that you ceased all work under the Takeda Agreement as of March 31, 2023.