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Sample Business ContractsHome: Sample Business Contracts: EXECUTION COPY
AMENDED AND RESTATED COLLABORATIVE RESEARCH, DEVELOPMENT AND MARKETING AGREEMENT
Between
MITOTIX, INC.
and
THE DUPONT MERCK PHARMACEUTICAL COMPANY
dated as of June 2, 1997
TABLE OF CONTENTS
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
APPENDICES
(viii)
AMENDED AND RESTATED COLLABORATIVE RESEARCH, DEVELOPMENT AND MARKETING AGREEMENT
THIS AMENDED AND RESTATED COLLABORATIVE RESEARCH, DEVELOPMENT AND MARKETING AGREEMENT dated as of June 2, 1997 (the Agreement) is made between MITOTIX, INC., a Delaware corporation having its principal place of business at One Kendall Square, Building 600, Cambridge, Massachusetts 02139 (Mitotix), and THE DUPONT MERCK PHARMACEUTICAL COMPANY, a Delaware general partnership having its principal place of business at 974 Centre Road, Wilmington, Delaware 19807 (DuPont Merck).
R E C I T A L S
Mitotix and DuPont Merck are parties to a Collaborative Research, Development and Marketing Agreement, dated as of December 6, 1995 (the Initial Agreement), pursuant to which Mitotix and DuPont Merck agreed, inter alia, (i) to utilize certain biological targets in order to identify and develop small molecules that can be used as active agents in therapeutic products for the treatment of diseases resulting from inappropriate cell division, proliferation, or longevity; and (ii) to collaborate on research with respect to such biological targets and on the discovery, worldwide development, and commercialization of CDK Products and UBC Products (both as defined below) for therapeutic purposes.
Mitotix and DuPont Merck desire to amend and restate the Initial Agreement to extend the Initial UBC Term (as defined below) and to make certain other changes as provided herein.
NOW THEREFORE, in consideration of the foregoing and of the covenants herein contained, the parties hereto mutually agree to amend and restate the Initial Agreement as follows:
ARTICLE 1. DEFINITIONS
The terms in this Agreement with initial letters capitalized, whether used in the singular or the plural, shall have meaning set forth below or, if not listed below, the meaning as designated in places throughout this Agreement.
1.1 Affiliate shall mean any corporation or other entity which controls, is controlled by, or is under common control with a party to this Agreement. A corporation or other entity shall be regarded as in control of another corporation or entity if it owns or directly or indirectly controls more than fifty percent (50%) of the voting stock or other ownership interest of the other corporation or entity, or if it possesses, directly or indirectly,
the power to direct or cause the direction of the management and policies of the corporation or other entity or the power to elect or appoint more than fifty percent (50%) of the members of the governing body of the corporation or other entity. For purposes of this Agreement, DuPont Merck shall not be deemed to be an Affiliate of E.I. DuPont de Nemours & Co. or Merck & Co., Inc. or any of their subsidiaries.
1.2 Allowable Expense shall have the meaning set forth in Appendix I.
1.3 Alternate UBC Plan shall mean the research, development and marketing plan for the UBC Products that is described in Section 5.4.4.
1.4 Antisense shall mean inhibiting or preventing in vivo expression of a gene product in a human or animal through the use of an oligonucleotide or modified oligonucleotide which binds to RNA or DNA.
1.5 Annual CDK Research Plan shall have the meaning set forth in Section 3.1.2 below.
1.6 Annual Research Plan and Budget shall have the meaning set forth in Section 6.1.2 below.
1.7 Calendar Quarter shall mean the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.
1.8 Calendar Year shall mean each successive period of twelve (12) months commencing on January 1 and ending on December 31.
1.9 Cdc 27/Cdc 16 License shall mean the license agreement dated as of July 12, 1995 between Mitotix and Harvard University.
1.10 CDK Collaboration shall have the meaning set forth in Section 2 below.
1.11 CDK Research Operating Committee shall mean the joint committee composed of representatives of Mitotix and DuPont Merck described in Section 9.2 of this Agreement.
1.12 CDK Development Compounds shall mean, collectively, the CDK-D Development Compounds and the CDK-non-D Development Compounds.
1.13 CDK-D Development Compounds shall mean compounds selected by DuPont Merck through the use of the CDK-D Targets for clinical development in the CDKD Field.
1.14 CDK-non-D Development Compounds shall mean compounds selected by DuPont Merck through the use of the CDK-non-D Targets for clinical development in the CDK-non-D Field.
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1.15 CDK Field shall mean, collectively, the CDK-D Field and the CDK-non-D Field.
1.16 CDK-D Field shall mean the use of CDK-D Targets for the discovery, identification and development of CDK-D Development Compounds for all therapeutic indications and the use, manufacture, distribution, marketing and sale for all indications of therapeutic and Radiopharmaceutical agents incorporating CDK-D Development Compounds. The use of the CDK-D Targets for Antisense, Gene Therapy and all non-Radiopharmaceutical diagnostic applications is specifically excluded from the CDK-D Field.
1.17 CDK-non-D Field shall mean the use of CDK-non-D Targets for the discovery, identification and development of CDK-non-D Development Compounds for oncology indications and the use, manufacture, distribution, marketing and sale for oncology indications of therapeutic and Radiopharmaceutical agents incorporating CDK-non-D Development Compounds. The use of CDK-non-D Targets for Antisense, Gene Therapy and all non-Radiopharmaceutical diagnostic applications is specifically excluded from the CDK-non-D Field.
1.18 CDK Patent Rights shall mean those United States patents and patent applications and the international patent applications owned or licensed by Mitotix which may be useful in the CDK Field and which are identified in Appendix A and any division, continuation, continuation-in-part thereof, any foreign patent applications corresponding to any such applications or any United States or foreign patents or the equivalent thereof issuing thereon or any reissue or extension thereof. CDK Patent Rights shall also include those United States patents and patent applications and the international patent applications which may be useful in the CDK Field for which Mitotix may acquire, from a Third Party during the term of the CDK Research Program, license rights and the right to grant sublicenses (including rights acquired pursuant to the Mitotix Pending License Agreements), and any division, continuation, continuation-in-part thereof, any foreign patent applications corresponding to any such applications or any United States or foreign patents or the equivalent thereof issuing thereon or any reissue or extension thereof.
1.19 CDK Products shall mean pharmaceutical and Radiopharmaceutical compositions incorporating CDK-D Development Compounds or CDK-non-D Development Compounds whether such compounds are selected for development, developed, marketed or sold during the term of the CDK Research Program or thereafter.
1.20 CDK Research Program shall mean the research program described generally in Article 3 below and in the research work plan set forth in Appendix B hereto, as revised from time to time as provided in this Agreement.
1.21 CDK Targets shall mean collectively Targets included within the CDK-D Targets and the CDK-non-D Targets. CDK Targets shall specifically exclude cdc25 phosphatase and complexes thereof and all Targets included within the UBC Targets.
1.22 CDK-D Targets shall mean the following Targets: all cyclin Ds, associated cyclin dependent kinases, complexes thereof, and functional equivalents (all homologues of
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cyclin Ds and associated cyclin dependent kinases) thereof; physically direct biochemical modulators of cyclin Ds or homologues thereof and of associated cyclin dependent kinases; and any targets of modulation of p16, functional homologues of p16, or other natural cell cycle modulators of cyclin Ds, their functional homologues, associated cyclin dependent kinases or complexes thereof.
1.23 CDK-non-D Targets shall mean all non-D cyclins, associated cyclin dependent kinases, complexes thereof, and functional equivalents (all non-D cyclin homologues and associated cyclin dependent kinases) thereof; physically direct biochemical modulators of non-D cyclins or homologues thereof and of associated cyclin dependent kinases; and any targets of modulation of natural cell cycle modulators of non-D cyclins, their functional homologues, associated cyclin dependent kinases or complexes thereof.
1.24 Collaboration shall have the meaning set forth in Section 2 below.
1.25 Collaborative Policy Setting Committee shall mean the joint committee composed of representatives of Mitotix and DuPont Merck described in Section 9.1 of this Agreement.
1.26 Cyclin E License shall mean the license agreement dated as of September 5, 1995 between Mitotix and Fred Hutchinson Cancer Research Center.
1.27 Cyclin D License shall mean the license agreement dated as of October 22, 1992 between Mitotix and Cold Spring Harbor Laboratory.
1.28 Competitive Product means a product directed at the same Target and having the same mechanism of action as a Royalty-Bearing Product or a Mitotix Product and which together with all other such products sold in a particular country, achieves sales in any Calendar Quarter equal to *** of the total gross sales or gross unit sales in such quarter of the Royalty-Bearing Product or Mitotix Product, as the case may be.
1.29 Development Partner shall mean a Third Party that is either (i) licensed by DuPont Merck to conduct all or a significant portion of the clinical development with respect to a particular Royalty-Bearing Product and to market and sell such Royalty Bearing-Product in a non-Strategic Country or (ii) licensed by Mitotix to conduct all or a significant portion of the clinical development with respect to a particular Mitotix Product and to market and sell such Mitotix Product in a non-Strategic Country.
1.30 Distributor shall mean a Third Party that is either (i) engaged by DuPont Merck to market and distribute Royalty-Bearing Products or (ii) engaged by Mitotix to market and distribute Mitotix Products.
1.31 DuPont Merck Inventions shall have the meaning set forth in Section 14.1 below.
1.32 Effective Date shall mean December 6, 1995.
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1.33 Extended UBC Collaboration shall have the meaning set forth in Section 5.2 below.
1.34 Extension Notice shall have the meaning set forth in Section 5.2.2 below.
1.35 First Commercial Sale shall mean the first sale for use or consumption by the general public of a product in a country after required marketing and pricing approval has been granted by the governing health authority of such country.
1.36 Gene Therapy shall mean the introduction of a gene, together with associated regulatory elements, if any, into human cells (whether in vivo or ex vivo) in order to treat or prevent disease through the endogenous expression of the gene product in humans. Gene shall mean a DNA or RNA sequence of human or other origin that encodes a protein or other molecule.
1.37 Immunoassay Product shall mean an assay which contains a Development Compound or a metabolite derived therefrom as a standard reference and is sold by DuPont Merck, its Affiliates, Development Partners, Distributors or sublicensees in connection with a particular CDK Product or UBC Product for use in monitoring the level of the CDK Product or UBC Product, as the case may be, administered to a patient. All Immunoassay Products shall be Royalty Bearing Products.
1.38 IND shall mean an investigational new drug application filed with the United States Food and Drug Administration prior to beginning clinical trials in humans.
1.39 Initial UBC Term shall have the meaning set forth in Section 5.2 below.
1.40 Inventions shall have the meaning set forth in Section 14.1 below.
1.41 IPO shall have the meaning set forth in Section 5.9.2 below.
1.42 Know-how shall mean all confidential technical information in the possession of Mitotix or DuPont Merck during the term of this Agreement relating to the CDK Targets, the UBC Targets or relating to the discovery, development, manufacture, marketing and sale of the CDK Products or the UBC Products.
1.43 Mitotix Inventions shall have the meaning set forth in Section 14.1 below.
1.44 Mitotix Pending License Agreements shall mean those agreements under negotiation between Mitotix and a Third Party as of the Effective Date under which Mitotix will license patent rights or know-how that may be useful in the CDK Field or the UBC Field. The Mitotix Pending License Agreements are identified in Appendix E. Upon execution, such Mitotix Pending License Agreements shall be deemed to be Mitotix License Agreements.
1.45 Mitotix License Agreements shall mean those license agreements entered into by Mitotix and a Third Party on or prior to the Effective Date under which Mitotix has
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exclusively licensed patent rights or know-now that may be useful in the CDK Field or the UBC Field. The Mitotix License Agreements are listed in Appendix A and Appendix D.
1.46 Mitotix Product shall mean (i) any Antisense or Gene Therapy product sold by Mitotix for oncology indications incorporating a compound that was discovered or selected for development by Mitotix through the use of the CDK Targets or the UBC Targets and was first identified within *** years following the termination of the CDK Research Program (with respect to the use of the CDK Targets) or within *** years following the termination of the UBC Research Program (with respect to the use of the UBC Targets), and (ii) any products meeting the description of Mitotix Products set forth in Section 5.6, Section 5.8, Section 6.2 3(a)(i) or in Section 10.1.5.
1.47 Net Sales with respect to any product (UBC Product, Royalty-Bearing Product or Mitotix Product) shall mean the gross invoiced sales price of such product sold to independent Third Party customers, including but not limited to Distributors, in bona fide, arms-length transactions, less actual (to the extent not already deducted in the amount invoiced):
(a) quantity, cash, or other trade discounts actually accrued or taken;
(b) bad debt expense;
(c) custom duties, surcharges and taxes and other governmental charges incurred, if any, directly related to the sale;
(e) amounts repaid or credited by reason of rejections, return of goods, or retroactive price reductions;
(f) amounts incurred resulting from governmental, or an agency thereof, mandated rebate programs;
(g) third party rebates and chargebacks actually accrued or allowed;
(h) freight and insurance costs incurred in transporting such product to such customers; and
(i) as agreed by the parties, any other specifically identifiable amounts included in gross sales that were or ultimately will be credited and that are substantially similar to those listed herein above.
The amount of Net Sales for any period shall be determined on the basis of sales recorded in such period in accordance with generally accepted accounting principles. The transfer of any product by DuPont Merck or Mitotix, or one of their Affiliates, to another Affiliate of such party shall not be considered a sale; in such cases, Net Sales shall be determined based on the invoiced sales price by the Affiliate to an independent Third Party customer, less the deductions allowed under this Section.
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In the case of a Combination Product (said Combination Product being a pharmaceutical or Radiopharmaceutical product which contains one or more pharmacologically active ingredients in addition to the Royalty-Bearing Product, UBC Product, or Mitotix Product as the case may be) only, Net Sales shall be calculated on the basis of the invoice price for the product (Royalty-Bearing Product, UBC Product, or Mitotix Product as the case may be) containing the same weight of product and sold alone without other active ingredients. In the event that the product is not sold alone without other active ingredients, then Net Sales shall be the Net Sales of the Combination Product, determined as set forth above, multiplied by the fraction A/(A+B) where A is the sellers cost of acquiring or manufacturing the product (Royalty-Bearing Product, UBC Product, or Mitotix Product as the case may be) and B is the sellers cost of acquiring or manufacturing the other active ingredient(s) in the Combination Product, determined in accordance with generally accepted accounting principles.
1.48 New UBC Target shall mean a UBC Target that was not identified by Mitotix, DuPont Merck or a Third Party prior to the Effective Date and for which a novel screen and selectivity assays have been developed and validated for a specific therapeutic program as part of the UBC Collaboration. A Target shall not be a New UBC Target until approved by the Collaborative Policy Setting Committee as a New UBC Target as described in Section 5.8.
1.49 NDA shall mean a new drug application filed with the United States Food and Drug Administration after completion of human clinical trials to obtain marketing approval for a Royalty-Bearing Product, or the corresponding application for authorization for marketing for a Royalty-Bearing Product filed in any other country in accordance with the applicable laws and regulations of that country.
1.50 Percentage Contribution shall have the meaning set forth in Section 5.4.1 and Appendix H.
1.51 p16 License shall mean the license agreement dated as of July 1, 1995 between Mitotix and Cold Spring Harbor Laboratory.
1.52 PRAD1 License shall mean the license agreement dated as of August 25, 1995 between Mitotix and the General Hospital Corporation.
1.53 Product Patent Rights shall have the meaning set forth in Section 14.10.
1.54 Radiopharmaceutical shall mean any use for human in vivo medical imaging purposes.
1.55 Radiopharmaceutical Product shall mean any CDK Product or UBC Product used for human in vivo medical imaging purposes.
1.56 Research Operating Committees shall mean collectively the CDK Research Operating Committee and the UBC Research Operating Committee.
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1.57 Research Year shall mean each twelve-month period during the Collaboration, with the first Research Year beginning on January 1, 1996.
1.58 Royalty-Bearing Products shall mean (i) all CDK Products, (ii) all Radiopharmaceutical Products that are UBC Products, (iii) effective upon the initiation of the Alternate UBC Plan, all UBC Products; (iv) effective upon the deemed commencement of the Alternate UBC Plan for financial purposes following the commencement of the UBC Operational Disengagement Plan pursuant to Section 5.7, all UBC Products and (v) all Immunoassay Products; provided, however, that Royalty Bearing Products shall not include: (i) CDK Products incorporating compounds that are first identified more than *** years following the earlier of (X) the termination of the license grant set forth in Section 10.1.1 pursuant to Section 10.1.3 or (Y) the termination of the Agreement; and (ii) UBC Products incorporating compounds that are first identified more than *** years following the earlier of (X) the termination of the license grant set forth in Section 10.2.1 pursuant to Section 10.2.3 or (Y) the termination of this Agreement. In addition, any product meeting the description of a Royalty Bearing Product set forth in Section 6.2.3(a)(ii) shall be a Royalty Bearing Product.
1.59 Royalty Term shall mean, with respect to each product in each country, the period of time equal to the longer of (a) ten (10) years from the date of the First Commercial Sale of such product in such country or (b) if the manufacture, use or sale of such product in such country is covered by a Valid Patent Claim owned by or exclusively licensed to the party responsible for the relevant royalty payment, the term for which such Valid Patent Claim or any new Valid Patent Claim remains in effect.
1.60 Strategic Countries shall mean the United States of America, Canada, France, Germany, Italy, the United Kingdom and Spain.
1.61 Target shall mean a specific, identified biomolecule, including a protein, polynucleotide, carbohydrate, lipid, or any combination thereof.
1.62 Third Party shall mean any person or entity other than Mitotix or DuPont Merck and their respective Affiliates.
1.63 UBC Collaboration shall have the meaning set forth in Articles 2 and 5.
1.64 UBC Deferral Payment shall have the meaning set forth in Section 5.2.3.
1.65 UBC Development Compounds shall mean compounds selected by the Collaborative Policy Setting Committee through the use of UBC Targets for clinical development in the UBC Field, unless the Alternate UBC Plan is in effect, in which case UBC Development Compounds shall mean compounds selected by DuPont Merck through the use of UBC Targets for clinical development in the UBC Field.
1.66 UBC Extension Payment shall have the meaning set forth in Section 5.2.3.
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1.67 UBC Field shall mean use of the UBC Targets for the discovery, identification and development of UBC Development Compounds and the use, manufacture, distribution, marketing and sale for all indications of therapeutic and Radiopharmaceutical agents incorporating UBC Development Compounds. The use of the UBC Targets for Antisense, Gene Therapy and all non-Radiopharmaceutical diagnostic applications is specifically excluded from the UBC Field.
1.68 UBC Operational Disengagement Plan shall have the meaning set forth in Section 5.7.
1.69 UBC Operating Profit shall have the meaning set forth in Appendix I hereof.
1.70 UBC Patent Rights shall mean those United States patents and patent applications and the international patent applications owned or licensed by Mitotix which may be useful in the UBC Field and which are identified in Appendix D and any division, continuation, continuation-in-part thereof, any foreign patent applications corresponding to any such applications or any United States or foreign patents or the equivalent thereof issuing thereon or any reissue or extension thereof. UBC Patent Rights shall also include those United States patents and patent applications and the international patent applications which may be useful in the UBC Field for which Mitotix may acquire, from a Third Party during the term of the UBC Research Program, license rights and the right to grant sublicenses, and any division, continuation, continuation-in-part thereof, any foreign patent applications corresponding to any such applications or any United States or foreign patents or the equivalent thereof issuing thereon or any reissue or extension thereof.
1.71 UBC Pricing Date shall have the meaning set forth in Section 5.9.1.
1.72 UBC Products shall mean pharmaceutical and Radiopharmaceutical compositions incorporating UBC Development Compounds whether such compounds are selected for development, developed, marketed or sold during the term of the UBC Research Program or thereafter.
1.73 UBC Research, Development and Pre-Launch Marketing Costs shall have the meaning set forth in Appendix H.
1.74 UBC Research Operating Committee shall mean the joint committee composed of representatives of Mitotix and DuPont Merck described in Section 9.2 of this Agreement.
1.75 UBC Research Program shall mean the research program described generally in Section 6.1 and in the research workplan set forth in Appendix F hereto, as revised from time to time as provided in this Agreement.
1.76 UBC Targets shall mean the following Targets: (i) all ubiquitin-mediated proteolytic pathways, including enzymes and ligands involved in the ubiquitin-mediated degradation of proteins and (ii) all HPV-mediated ubiquitinylation, E6, E6AP, binding ligands thereof, associated complexes thereof, and direct biochemical modulators thereof. In
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the event that cdc25 proves to be a candidate for a New UBC Target as set forth in Section 1.44, it will be presented to the Collaborative Policy Setting Committee as such for evaluation as described in Section 5.8.
1.77 UBC9 License shall mean the license agreement dated as of March 8, 1995 between Mitotix and Harvard University.
1.78 Unique Product shall have the meaning set forth in Section 11.1.1.
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