Normal membership conditions, standard rental periods and extra night option fees
AstraZeneca of a schedule of option fees
, totalling up to [euro]8.
In exchange, OriGene will be entitled to receive various option fees
, milestones and royalty payments as the compounds are developed and commercialized.
Other detailed terms of the agreements, including option fees
, license fees and license royalties, are confidential.
Maxygen will receive an initial payment, full research and development funding for the first two years of the collaboration and option fees
Under the terms of the five-year agreement, Epimmune is entitled to upfront and annual option fees
Detailed terms of the agreements including the time period, option fees
, license fees and license royalties are confidential.
Royalties and License and Option Fees
and R&D Fees decreased by 21 percent or $396,000 to $1,469,000 due mainly to the receipt of R&D fees in the year-ago quarter.
For the quarter, the Company reported revenues from royalties, license and option fees
and R&D fees of $1.
Included in this amount will be expenditures for exploration and development within the mine as well as approximately $550,000 to, or on behalf of, LKA for option fees
, litigation settlement costs and project-related finder's fees.
Revenues from option fees
will be amortized over the term of Duracell's option for certain license rights.
The remaining payments are for license option fees
for certain named targets and support for the expanded research program.