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PRODUCT KNOW-HOW LICENSE AGREEMENT

Technology License Assignment Agreement

PRODUCT KNOW-HOW LICENSE AGREEMENT | Document Parties: Bristol-Myers Squibb Company | SNC Partnership You are currently viewing:
This Technology License Assignment Agreement involves

Bristol-Myers Squibb Company | SNC Partnership

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Title: PRODUCT KNOW-HOW LICENSE AGREEMENT
Governing Law: New York     Date: 8/17/2009
Industry: Major Drugs     Law Firm: Cleary Gottlieb;Shearman Sterling     Sector: Healthcare

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Exhibit 10.10

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PRODUCT KNOW-HOW LICENSE AGREEMENT

among

SANOFI

BRISTOL-MYERS SQUIBB COMPANY

and

SANOFI PHARMA BRISTOL-MYERS SQUIBB

dated as of January 1,1997

 

 


 

  

TABLE OF CONTENTS

  

  

ARTICLE 1

DEFINITIONS

  

SECTION 1.1

  

Defined Terms

  

2

SECTION 1.2

  

Additional Defined Terms

  

5

  

ARTICLE 2

GRANT OF LICENSE

  

SECTION 2.1

  

License Grant

  

5

SECTION 2.2

  

No Transfer

  

6

SECTION 2.3

  

No Implicit Rights

  

6

SECTION 2.4

  

Corporate Name Authorization

  

6

SECTION 2.5

  

Goodwill

  

6

SECTION 2.6

  

Representations and Warranties

  

6

SECTION 2.7

  

Improvements

  

6

  

ARTICLE 3

SUB-LICENSE

  

SECTION 3.1

  

General Sub-License

  

7

SECTION 3.2

  

Sub-License for Alliance Agreements

  

7

SECTION 3.3

  

Termination of Sub-License

  

7

  

ARTICLE 4

PROVISION OF DOCUMENTS

  

SECTION 4.1

  

Initial Exchange

  

7

SECTION 4.2

  

Continuing Exchange

  

7

  

ARTICLE 5

CONSIDERATION

  

SECTION 5.1

  

Development Royalty

  

7

SECTION 5.2

  

Payment

  

8

SECTION 5.3

  

Method of Payment

  

8

SECTION 5.4

  

Records

  

8

SECTION 5.5

  

Payment Reports

  

8

SECTION 5.6

  

Taxes

  

9

 

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ARTICLE 6

LICENSE STEERING COMMITTEE

  

SECTION 6.1

  

License Steering Committee

  

9

SECTION 6.2

  

License Functional Committees

  

10

SECTION 6.3

  

Marketing Working Group

  

10

SECTION 6.4

  

Development Committee

  

10

SECTION 6.5

  

Regulatory Committee

  

10

SECTION 6.6

  

Committee Composition and Decision Making

  

11

SECTION 6.7

  

Committee Dispute Resolution

  

11

SECTION 6.8

  

Cross-Territory Issues

  

11

SECTION 6.9

  

Delegation

  

12

  

ARTICLE 7

NEW INDICATION OR LINE EXTENSION

SOLE RISK SCENARIO

  

SECTION 7.1

  

Sole Development

  

12

SECTION 7.2

  

Commercialization of Resulting Products

  

12

SECTION 7.3

  

[*]

  

12

SECTION 7.4

  

Election to Participate in Development

  

13

SECTION 7.5

  

Period of Exclusivity

  

13

SECTION 7.6

  

Safety and Other Problems

  

13

  

ARTICLE 8

ADVERSE EVENT REPORTING

  

SECTION 8.1

  

Adverse Event Reporting

  

14

SECTION 8.2

  

Reporting Procedure

  

14

  

ARTICLE 9

TERM; TERMINATION

  

SECTION 9.1

  

Term; Termination

  

15

SECTION 9.2

  

Consequences of Termination

  

16

  

ARTICLE 10

CONFIDENTIALITY

  

  

  

16

 

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ARTICLE 11

MISCELLANEOUS

  

SECTION 11.1

  

Notices

  

17

SECTION 11.2

  

Governing Law

  

19

SECTION 11.3

  

Dispute Resolution

  

19

SECTION 11.4

  

Specific Performance

  

19

SECTION 11.5

  

No Third Party Beneficiaries

  

19

SECTION 11.6

  

Assignment

  

19

SECTION 11.7

  

Severability

  

20

SECTION 11.8

  

Waivers and Amendments

  

20

SECTION 11.9

  

Headings

  

20

SECTION 11.10

  

Entire Agreement

  

20

SECTION 11.11

  

No Partnership or Joint Venture

  

20

SECTION 11.12

  

Governing Language

  

20

SECTION 11.13

  

Counterparts

  

21

SCHEDULES

 

SCHEDULE 1A

  

TERRITORY A

SCHEDULE 1B

  

TERRITORY B

EXHIBITS

 

EXHIBIT 6.1-A

  

RECOMMENDED PRODUCT PROFILES, CLAIM STRUCTURES AND DOSAGES FOR FILE SUBMISSIONS

EXHIBIT 6.1-B

  

CORE POSITIONING STRATEGIES / KEY MESSAGES

EXHIBIT 6.1-C

  

CENTRALLY FUNDED PROGRAMS AND EXPENSES

EXHIBIT 6.1-D

  

OVERALL PRICING GUIDELINES

EXHIBIT 6.1-E

  

PHASES IIIB STUDIES, DIFFERENTIATION PROGRAMS AND STUDIES FOR NEW INDICATIONS AND LINE EXTENSIONS

 

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This PRODUCT KNOW-HOW LICENSE AGREEMENT (this “ Agreement ”) dated as of January 1, 1997 is hereby made by and among:

Sanofi, a société anonyme organized and existing under the laws of the French Republic (“ Sanofi ”);

Bristol-Myers Squibb Company, a corporation organized and existing under the laws of the State of Delaware, United States of America (“BMS”); and

Sanofi Pharma Bristol-Myers Squibb, a société en nom collectif organized and existing under the laws of the French Republic (the “ SNC Partnership ” and, together with Sanofi and BMS, the “ Parties” and, individually, each a “ Party” ).

WITNESSETH :

WHEREAS, Sanofi has discovered and patented two new chemical entities, one known as SR 47436 with the international non-proprietary name Irbesartan (“ Irbesartan ”) and one known as SR 25990C with the international non-proprietary name Clopidogrel Hydrogenosulphate (“ Clopidogrel ”), with potential ethical pharmaceutical applications in the cardiovascular therapeutic field;

WHEREAS, Sanofi, BMS and Sterling Winthrop Inc., a Delaware corporation (“ Sterling ”) entered into a Development Agreement dated July 29, 1993 (the “ Development Agreement ”) for, among other things, the development of Irbesartan and Clopidogrel;

WHEREAS, pursuant to an Amended and Restated Asset Purchase Agreement dated as of September 30, 1994 among Eastman Kodak Company, Sanofi and Sterling, Sanofi acquired certain assets, and assumed certain obligations, of the ethical pharmaceutical business of Sterling, including the rights and obligations of Sterling under the Development Agreement;

WHEREAS, Sanofi and BMS have entered into a Territory A Alliance Support Agreement dated as of the date hereof (the “ Alliance Support Agreement ”) and have formed through their indirect wholly owned subsidiaries the SNC Partnership pursuant to the statuts to be amended and restated as of June 6, 1997 (the “ SNC By-Laws ”) for, among other things, the commercialization of the Products in Territory A (as such terms are defined herein);

WHEREAS, Sanofi and the SNC Partnership have entered into an Irbesartan Intellectual Property License Agreement (the “ Irbesartan License Agreement ”) and a Clopidogrel Intellectual Property License and Supply Agreement dated as of the date hereof, pursuant to which Sanofi has granted a license to use certain patents, trademarks and know-how for the commercialization of the Products in Territory A that neither were developed with nor are owned by BMS;

 

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WHEREAS, Sanofi and BMS have developed certain know-how under the Development Agreement for the commercialization of the Products in Territory A and, as a result, each has an undivided one-half direct ownership interest in the Developed Know-How (as such term is defined herein); and

WHEREAS, Sanofi and BMS are willing to grant to the SNC Partnership, and the SNC Partnership is willing to accept, a license under the Developed Know-How for the commercialization of the Products in Territory A on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and the terms and conditions set forth herein, the Parties hereby agree as follows:

ARTICLE 1

DEFINITIONS

1.1 Defined Terms. As used in this Agreement, the following terms shall have the following meanings:

Adverse Event ” means any negative symptom experienced at the time of or after the taking of any Product of which any Party or any of its Affiliates becomes aware, whether or not considered drug related, including, without limitation, any side effects, injury, toxicity or sensitivity reaction, or significant failure of expected pharmacological action, as well as instances of symptomatic overdose, abuse or withdrawal reactions.

Affiliate ”, when used with reference to any Person, means any other Person controlling, controlled by, or under common control with, such Person; provided, however, that, with respect to Sanofi, the definition of Affiliate shall exclude Elf Aquitaine and any Person not controlled by Sanofi that would be an Affiliate of Sanofi solely by reason of its being controlled by Elf Aquitaine. For the purposes of this definition, “ control ” shall refer to (a) the possession, directly or indirectly, of the power to direct the management or policies of a Person or to veto any material decision relating to the management or policies of a Person, in each case whether through the ownership of voting securities, by contract or otherwise, (b) the beneficial ownership, directly or indirectly, of securities (excluding general partnership interests) representing at least 40% of the voting power of all outstanding voting securities of a Person or (c) the beneficial ownership of at least 50% of the partnership interests of a general partnership. The Parties confirm that each Co-Promotion Entity (as defined in the Alliance Support Agreement) in Territory A shall be considered to be an Affiliate of Sanofi.

Alliance Agreements ” has the meaning set forth in the Alliance Support Agreement.

Alliance Strategic Committee ” has the meaning set forth in the Alliance Support Agreement.

Clopidogrel Product ” means the product or products having as an active ingredient Clopidogrel or any salt, ester, metabolite or pro-drug thereof.

 

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Competing Product ” means, with respect to any Product, any other product that [*], but which is not [*] set forth in Schedule [*] or selected for [*] by [*].

Developed Know-How ” means any and all technical data, information, material and other know-how that relate to the formulation of the Products, including, without limitation, any analytical methodology, chemical, toxicological, pharmacological and clinical data, formulae, procedures, protocols, techniques and results of experimentation and testing, developed by Sanofi and BMS under the Development Agreement.

“Finance Committee ” has the meaning set forth in the Alliance Support Agreement.

“Functional Committee ” means any Alliance Functional Committee (as such term is defined in the Alliance Support Agreement) or any License Functional Committee.

Governmental Authority ” means any federal, state or local or any foreign or supranational government, governmental, regulatory or administrative authority, agency or commission or any court, tribunal or judicial or arbitral body.

Irbesartan Product ” means the product or products having as an active ingredient Irbesartan or any salt, ester, metabolite or pro-drug thereof.

Lead ” means the right to initiate proposals and implement, or cause the implementation of, recommendations and decisions.

Line Extension ” means, for each Product and with respect to development conducted on or after January 1, 1997, any new dosage or new form of administration of such Product.

MAAs ” means, with respect to each Product, any marketing authorizations, licenses, approvals, registrations, certificates and exemptions submitted to or granted by or pending with any Governmental Authority for the purpose of allowing the manufacture, production, supply, marketing, distribution or sale of such Product in a particular country.

Major A Countries ” means France, Germany, Italy, Spain and the United Kingdom, and any other country in Territory A representing at least [*]of aggregate Net Sales of both Products in Territory A, as determined from time to time by [*] .

Manufacturing and Sourcing Committee ” has the meaning set forth in the Alliance Support Agreement

Marketing Entity ” has the meaning set forth under the definition of Entité de Marketing in the Réglement Intérieur.

 

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Net Sales ” means for any given period and with respect to any Product, the gross amount invoiced in respect thereof by the Marketing Entities to any Person (excluding any transfers between any Party and its Affiliates solely for purposes of resale, promotional use or clinical trials), less (i) quantity and/or cash discounts, allowances and/or rebates actually allowed or given, (ii) freight, postage and shipping insurance expenses (if separately identified in such invoice), (iii) sales taxes directly related to the sale to the extent included in the gross invoice price (but not including taxes assessed against the income derived from such sale) and (iv) amounts repaid or credited on account of rejections, outdating or the return of such Product.

New Indication ” means, for each Product and with respect to development conducted on or after January 1, 1997, any new therapeutic use or application of such Product.

Non-Promotional Countries ” means the countries in Territory A where the utilization of personal promotion by sales personnel is not a significant factor in obtaining product usage and achieving sales or where selling is by tender or comparable non-promotional method of sale, as determined from time to time by the Finance Committee.

Person ” means any individual, partnership, firm, corporation, société anonyme, société en nom collectif, société en participation, limited liability company, joint venture, association, trust or other entity or any government or any agency or political subdivision thereof, as well as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the U.S. Securities Exchange Act of 1934, as amended.

Product ” means a Clopidogrel Product or an Irbesartan Product and “ Products ” means both a Clopidogrel Product and an Irbesartan Product.

Réglement Intérieur ” means the réglement intérieur to be entered into between BMS Investco S. A.S. and Sanofi Participations with effect as of the date hereof.

Safety Problem ” has the meaning set forth in the Alliance Support Agreement.

Sanofi Pharma ” means Sanofi Pharma, a société anonyme organized and existing under the laws of the French Republic.

Serious Adverse Event ” means any Adverse Event that is life-threatening in that such Adverse Event places the patient at risk of dying, requires hospitalization, prolongs existing hospitalization or results in permanent disability, birth defect, cancer or death.

Territory ” means either Territory A or Territory B and “ Territories ” means both Territory A and Territory B.

Territory A ” means the countries and geographic areas described and listed in Schedule 1A attached hereto.

Territory B ” means the countries and geographic areas described and listed in Schedule 1B attached hereto.

 

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Third Party ” means a Person who or which is neither a Party nor an Affiliate of a Party.

1.2 Additional Defined Terms . The following additional defined terms shall have the meanings set forth in the sections of this Agreement listed below:

 

Defined Term

  

Section Where Defined

Agreement

  

Preamble

Alliance Support Agreement

  

Recitals

BMS

  

Preamble

Clopidogrel

  

Recitals

Development Agreement

  

Recitals

Development Committee

  

6.2

Development Royalty

  

5.1

Irbesartan

  

Recitals

Irbesartan License Agreement

  

Recitals

License Functional Committees

  

6.2

License Steering Committee

  

6.1

License Strategic Decisions

  

6.1

License Termination Date

  

9.2

Marketing Working Group

  

6.2

Notices

  

11.1

Ongoing Studies

  

2.1

Other Party

  

7.1

Party

  

Preamble

Payment Report

  

5.2

Proposing Party

  

7.1

Regulatory Committee

  

6.2

Reporting Party

  

8.2

Sanofi

  

Preamble

SNC By-Laws

  

Recitals

SNC Partnership

  

Preamble

Sterling

  

Recitals

ARTICLE 2

GRANT OF LICENSE

2.1 License Grant . Subject to the terms and conditions of this Agreement, Sanofi and BMS each separately grant to the SNC Partnership an exclusive license for the term hereof in their respective undivided one-half direct ownership interest in the Developed Know-How, and the SNC Partnership hereby accepts, an exclusive license for the term hereof under the Developed Know-How (i) to make, have made, sell, offer for sale and import the Products in Territory A, (ii) subject to Article 7 hereof, to develop Irbesartan Products and Clopidogrel Products for Territory A, including, without limitation, New Indications and Line Extensions thereof, and (iii) with the prior approval of the Manufacturing and Sourcing Committee, to make, have made, and export the Products outside of Territory A; provided, however, that such

 

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exclusivity shall not apply to Sanofi and BMS with respect to any ongoing studies that are being conducted by Sanofi and BMS under the Development Agreement (the “Ongoing Studies”).

2.2 No Transfer. The SNC Partnership hereby acknowledges and agrees that this Agreement does not, and shall not be deemed to, transfer any proprietary ownership interest whatsoever to the SNC Partnership in or to the Developed Know-How. Nothing herein shall give the SNC Partnership any right, title or interest in or to any of the Developed Know-How, except the rights granted pursuant to this Agreement.

2.3 No Implicit Rights. All of the rights granted hereunder are explicitly stated herein and nothing in this Agreement shall be construed to grant any implied rights whatsoever to the SNC Partnership in or to the Developed Know-How.

2.4 Corporate Name Authorization. The SNC Partnership shall he permitted to use both the Sanofi and BMS corporate names, on a [*] basis for the term hereof, solely (i) as part of its corporate name and (ii) in connection with any promotional, advertising or marketing necessary or desirable for the commercialization of the Products in Territory A in accordance with this Agreement and the Alliance Support Agreement. The grant of rights pursuant to this Section 2.4 shall automatically terminate upon the earlier of (i) the expiration or early termination of this Agreement and (ii) the expiration or early termination of the Alliance Support Agreement.

2.5 Goodwill. The SNC Partnership hereby acknowledges that all goodwill connected with the Sanofi and BMS corporate names shall inure to the benefit of Sanofi and BMS, as the case may be, and the SNC Partnership shall not take any action that may be detrimental to such goodwill.

2.6 Representations and Warranties. Each of BMS and Sanofi represents and warrants to the other Parties hereto that: (i) it has, and will at all times during the term of this Agreement have, the right, power and authority to license the Developed Know-How and to perform its other obligations hereunder, (ii) it is not aware of any asserted or unasserted claims or demand of any Third Party it believes to be enforceable against the Developed Know-How and (iii) to the best of such Party’s knowledge and belief, the SNC Partnership’s exercise of any right to the Developed Know-How, as contemplated by this Agreement, will not infringe any intellectual property right of any Third Party.

2.7 Improvements. Any new or useful invention, process or improvement, patentable or unpatentable, relating to the formulation of any Product under the Developed Know-How developed or acquired by the SNC Partnership during the term hereof, shall be the property of the SNC Partnership which shall have all ownership rights thereto, subject to Article 7 hereof.

 

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ARTICLE 3

SUB-LICENSE

3.1 General Sub-License . Except as permitted under Section 3.2 hereof, the SNC Partnership shall not, without the prior written consent of both Sanofi and BMS, sub -license any of its rights and obligations under this Agreement; provided, however , that if the representatives of Sanofi and BMS on any Functional Committee, the Alliance Strategic Committee or the License Steering Committee, consensually agree to sub-license any of the SNC Partnership’s rights or obligations hereunder, such agreement shall be deemed to be the consent of Sanofi and BMS for the purposes of this Section 3.1. No such sub-license shall relieve the SNC Partnership of its obligations hereunder.

3.2 Sub-License for Alliance Agreements. The SNC Partnership shall sub-license those of its rights and obligations under this Agreement, to any Affiliate of Sanofi or BMS that is a party to any Alliance Agreement, solely for the purposes of permitting such Affiliate to perform its obligations under such Alliance Agreement.

3.3 Termination of Sub-License. Sanofi and BMS each shall have the right to require the SNC Partnership to terminate any sub-license of rights hereunder in the event that the sub-licensee fails to comply in any material respect with, or takes any action contrary to, the terms of such sub-license or any decision made by any Functional Committee, the Alliance Strategic Committee or the License Steering Committee, and such sub-licensee has failed to remedy such non-compliance within thirty (30) days from its receipt of written notice thereof from Sanofi, BMS or the SNC Partnership.

ARTICLE 4

PROVISION OF DOCUMENTS

4.1 Initial Exchange . As promptly as practicable following the date hereof, each of Sanofi and BMS shall make available to the SNC Partnership copies of all relevant data, studies and materials comprising Developed Know-How in such Party’s possession that shall be available as of such date.

4.2 Continuing Exchange . During the term of this Agreement, each of Sanofi and BMS shall make available to the SNC Partnership, from time to time, copies of all relevant data, studies and materials comprising subsequently developed or acquired Developed Know-How in such Party’s possession as soon as practicable after the development or acquisition thereof.

ARTICLE 5

CONSIDERATION

5.1 Development Royalty . In consideration of the rights and licenses granted hereunder, the SNC Partnership shall pay, or shall cause to be paid, for the term of this Agreement the following aggregate amounts as a development royalty (each a “ Development Royalty ”):

 

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(i) To [*], an amount equal to [*] of Net Sales of Irbesartan Products in Territory A; and

(ii) To [*], an amount based on Net Sales of Clopidogrel Products in Territory A, which shall be determined by [*] no later than sixty (60) days after the first commercial sale of any Clopidogrel Product in Territory A.

5.2 Payment. For the term of this Agreement, the SNC Partnership shall pay or cause to be paid to each of Sanofi and BMS all amounts due hereunder on a quarterly basis within sixty (60) days of the end of each calendar quarter. Each such payment shall be accompanied by an accurate statement of the amount of Net Sales of the Products, broken down Product-by-Product, during such calendar quarter and the calculation of all payments to be made to each of Sanofi and BMS for such calendar quarter (each a “ Payment Report ”).

5.3 Method of Payment. (a) All payments to be made hereunder shall be made by wire transfer in immediately available funds, and shall be made in French francs to the respective bank accounts of Sanofi and BMS as notified to the SNC Partnership by the relevant Party, unless the Parties agree to settle such payments through other means.

(b) Amounts due from the SNC Partnership to BMS or Sanofi in respect of sales based on a currency other than French francs shall be converted to French francs using the methodology determined for such purpose by the Finance Committee.

5.4 Records . The SNC Partnership shall maintain (i) books, records and accounts which accurately and fairly reflect, in reasonable detail, the Net Sales of the Products and (ii) an adequate system of internal accounting controls. All books, records and accounts referred to in clause (i) above shall be maintained for not less than three (3) years, or for such longer period if and as required by applicable law, following the date of the sales constituting the Net Sales and shall be made available for reasonable review upon request by Sanofi and/or BMS.

5.5 Payment Reports. (a) At the request of BMS, the SNC Partnership shall, and shall if applicable cause its sub-licensees to, permit BMS or an independent, certified public accountant not having any significant relation to either BMS or Sanofi, as appointed by BMS, at reasonable times and upon reasonable notice, to examine the books and records of the SNC Partnership as may be necessary to (i) determine, with respect to any calendar quarter ending not more than two (2) years prior to the related request, the correctness of any Payment Report or payment made under this Agreement or any Alliance Agreement or (ii) obtain information as to the amount payable for any such calendar quarter in the case of failure on the part of the SNC Partnership to report or pay pursuant to this Agreement or on the part of any party to any’ Alliance Agreement; provided, however, that BMS shall not have the right to make such audit request more than once every twelve (12) calendar months. The results of any such audit shall be promptly made available to BMS, Sanofi and the SNC Partnership.

 

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(b) BMS shall bear the full cost and expense of any such audit, unless such audit discloses that the amount due to BMS is more than the amount paid by [*] of the amount due, in which case Sanofi shall bear the full cost and expense of such audit.

(c) The determination by an independent, certified public accountant pursuant to this Section 5.5 as to the amount due and payable by the SNC Partnership shall be conclusive and binding on the Parties hereto.

5.6 Taxes. All payments due under this Agreement shall be paid in full without deduction, except for taxes (if any) required to be withheld by applicable law in Territory A with respect to such payments. In the event the SNC Partnership is required under applicable law to withhold any tax to the revenue authorities in any country in Territory A regarding any payment to Sanofi and/or BMS, the amount of such tax shall be deducted by the SNC Partnership and paid to the relevant revenue authority, and the SNC Partnership shall notify the relevant Party thereof and shall promptly furnish to such Party all copies of any tax certificate or other documentation evidencing such withholding. In the event that any such tax shall subsequently be found to be due, payment of such tax shall be the responsibility of Sanofi or BMS, as the case may be.

ARTICLE 6

LICENSE STEERING COMMITTEE

6.1 License Steering Committee. In order to ensure the proper use of the Developed Know-How by the SNC Partnership for the commercialization and further development of the Products, Sanofi and BMS shall be represented by a License Steering Committee (the “ License Steering Committee ”), which shall be responsible for the following decisions (collectively, the “ License Strategic Decisions ”):

(i) recommended Product profiles, claim structures and dosages for file submissions using the form set forth in Exhibit 6.1 -A attached hereto;

(ii) the core positioning strategies and key messages with respect to the commercialization of the Products using the form set forth in Exhibit 6.1-B attached hereto;

(iii) approval of the centrally funded budget for certain programs and expenses using the form set forth in Exhibit 6.1 -C attached hereto;

(iv) overall pricing guidelines using the form set forth in Exhibit 6.1-D attached hereto; and

(v) overall strategy and expenses for Phase IIIB studies, differentiation programs and studies for New Indications and Line Extensions using the form set forth in Exhibit 6 . 1-E attached hereto.

 

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