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AMENDMENT NO. THREE TO LICENSE AND COMMERCIALIZATION AGREEMENT

License Agreement

AMENDMENT NO. THREE TO LICENSE AND COMMERCIALIZATION AGREEMENT | Document Parties: VALEANT PHARMACEUTICALS INTERNATIONAL | INTERMUNE, INC You are currently viewing:
This License Agreement involves

VALEANT PHARMACEUTICALS INTERNATIONAL | INTERMUNE, INC

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Title: AMENDMENT NO. THREE TO LICENSE AND COMMERCIALIZATION AGREEMENT
Date: 3/16/2006
Industry: Biotechnology and Drugs    

AMENDMENT NO. THREE TO LICENSE AND COMMERCIALIZATION AGREEMENT, Parties: valeant pharmaceuticals international , intermune  inc
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<PAGE>

                                                                   EXHIBIT 10.31

                                            ***TEXT OMITTED AND FILED SEPARATELY
                                    WITH THE SECURITIES AND EXCHANGE COMMISSION.
                                                 CONFIDENTIAL TREATMENT REQUESTED
                                           UNDER 17 C.F.R. SECTIONS 200.80(B)(4)
                                                                  AND 240.24B-2.

         AMENDMENT NO. THREE TO LICENSE AND COMMERCIALIZATION AGREEMENT

This AMENDMENT NO. THREE TO LICENSE AND COMMERCIALIZATION AGREEMENT (the
"AMENDMENT NO. THREE") is made effective as of December 31, 2004 (the "AMENDMENT
EFFECTIVE Date"), and is entered into by and between AMGEN INC., a Delaware
corporation having its principal place of business at One Amgen Center Drive,
Thousand Oaks, CA 91320-1799 ("AMGEN") and INTERMUNE, INC., a Delaware
corporation having its principal place of business at 3280 Bayshore Blvd.,
Brisbane, CA 94005 ("INTERMUNE"). Amgen and InterMune are sometimes referred to
herein individually as a "PARTY" and collectively as the "PARTIES," and
references to "InterMune" and "Amgen" shall include their respective Affiliates.
All capitalized terms used herein shall have the meaning given to them in the
Original Agreement (as defined below) unless otherwise defined herein.

                                   Background

     WHEREAS, the Parties entered into that certain License and
Commercialization Agreement effective as of June 15th, 2001, as subsequently
amended pursuant to that certain Amendment No. One to License and
Commercialization Agreement dated April 25, 2002 and that certain Amendment
Number 2 to Amgen/InterMune License and Commercialization Agreement for Infergen
of even date herewith (collectively the "ORIGINAL AGREEMENT") pursuant to which
Amgen granted certain rights to InterMune relating to the Licensed Products; and

     WHEREAS, the Parties now desire to amend the Original Agreement to amend
the scope of certain provisions in that Original Agreement and to provide terms
under which they will operate in relation to the study and commercialization of
certain combinations of therapeutic pharmaceuticals, all as set forth herein.

     NOW THEREFORE, based on the foregoing premises and the mutual covenants and
obligations set forth below, and for good and valuable consideration, the
receipt and sufficiency of which the Parties hereby acknowledge, the Parties
hereby agree as follows:

1.    Amendments.

     A.    The following shall be added to the Original Agreement as a new
          Sections 1.50 - 1.56:

          1.50 "DEVELOPMENT COLLABORATOR" shall mean a Third Party, which
          collaborates with Amgen in the clinical testing and/or
          commercialization of a [***] comprising [***] of [***] an Amgen
          Product.

                                             ***Confidential Treatment Requested

<PAGE>

          1.51 "AMGEN FOREIGN PEG PATENTS" shall mean [***].

           1.52 "ADDITIONAL TERRITORY" shall mean the geographical region
          encompassing the countries in which Amgen obtains rights from [***] to
          grant to InterMune licenses under Patents to commercialize Licensed
          Products pursuant to Section 2.10(b) below.

          1.53 "ADDITIONAL TERRITORY AUTHORIZATION APPLICATION" shall mean a new
          drug, biologic or other application, health registration, marketing
          authorization application, common technical document, regulatory
          submission, notice of compliance or equivalent application (excluding
          local and general business licenses and permits) required to be
          approved before commercial sale or use of a Licensed Product in the
          Additional Territory (or any single country within the Additional
          Territory) as a pharmaceutical or medicinal product in any formulation
          or dosage form (excluding any pricing and reimbursement approvals),
          together with all subsequent submissions, supplements and amendments
          thereto.

          1.54 "AMGEN PRODUCT" shall mean any product owned or Controlled by
          Amgen, other than a Licensed Product or a Directly Competitive
          Product.

          1.55 "PEG TRADEMARK" shall mean the Trademark "PEG-INFERGEN," together
          with all goodwill associated therewith, and any renewals, extensions
          or modifications thereto.

          1.56 "COMBINATION TRIAL" shall mean a clinical trial (or set of
          clinical trials) of [***] an Amgen Product, conducted by or on behalf
          of Amgen or a Development Collaborator (solely to the extent within
          the scope of a collaboration described in Section 1.50).

     B.    The following shall be added to the Original Agreement as new Sections
          2.2(e) and (f):

          (e)   Subject to the terms and conditions of this Agreement, Amgen
               hereby grants to InterMune an exclusive (even as to Amgen)
               license, with the right to grant sublicenses (subject to
               InterMune's compliance with Section 2.5 of this Agreement),
               solely under the Amgen Foreign PEG Patents solely to [***]
               PEG-Infergen Products during the Term in the countries listed
                [***]; provided, however, that in the event that InterMune does
               not, within [***] days of its receipt of Amgen's offer of rights
               extended pursuant to Section 2.10(b) of the Agreement, accept
               such offer with respect to any country within the Additional
               Territory, then this license and Section 6.3(d) of the Agreement
               shall automatically and immediately terminate with respect to
               such country.

                                              ***Confidential Treatment Requested

<PAGE>

          (f)   Amgen hereby represents and warrants that it is not subject to
               any obligation that would conflict with its ability to grant the
               license set forth in subsection (e) above.

     C.    The following shall be added to the Original Agreement as new Sections
          2.3 (c) - (h):

          (c)   InterMune hereby acknowledges that as of the Amendment Effective
               Date Amgen has no rights of any kind or nature in the PEG
               Trademark.

          (d)   At [***], applications for the PEG-Trademark shall be prepared,
               filed and prosecuted, and the PEG-Trademark maintained, worldwide
               by third-party intellectual property counsel selected and
               retained by [***] provided that such counsel shall be subject to
               [***] not to be unreasonably withheld or delayed. [***] shall
               have the [***] for and [***] over such matters and shall [***] in
               filing, prosecuting and maintaining the PEG-Trademark. [***] will
               remain at all times the [***] of the PEG-Trademark, subject to
               subsection (e) below. [***] or its counsel shall keep [***] fully
               informed of the filing, prosecuting and maintenance of the
               PEG-Trademark, and shall furnish to [***] copies of documents
               relevant to any such efforts in advance with sufficient time for
               [***] to review and provide comments on such documents, and shall
               use its reasonable efforts to incorporate [***] comments and
               suggestions.

          (e)   [***] agrees to provide [***] counsel with such power of attorney
                and other instruments as are necessary for [***] to conduct the
               preparation, filing and prosecution of applications for, and
               maintenance of, the PEG-Trademark as provide


 
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