Avid Bioservices Inc (CDMO)

[bfiest]

Bavi being revived -- Very Predictable.  Yes this was all planned. Just as a reminder.

Royalty rate:

9,00 %; 11,00 %; 13,00 %; 14,00 %; 16,00 %

Base:

Net sale

Other payments:

Licensee shall pay to licensor the following payments: $3,000,000; $3,000,000; $2,000,000; Licensee shall pay to licensor the following milestone payments: $1,000,000; $2,000,000; $8,000,000; $5,000,000; $4,000,000; $30,000,000; $25,000,000;no $15,000,000; $5,000,000; In the event of licensee's sublicensing, licensee shall pay to licensor the following sublicensing revenue share percentage payments as follows: an amount equal to 0,30 multiplied by aggregate Phase II sublicensing revenue received by licensee and its affiliates (from or in all countries and territories) during the applicable quarter, or an amount equal to 0,15 multiplied by aggregate Phase III sublicensing revenue received by licensee and its affiliates (from or in all countries and territories) during the applicable quarter.

Compensation details:

Licensee shall pay to licensor royalty fees as follows: an amount equal to 9% of aggregate net sales (in all countries and territories) of up to $100,000,000 of each product; An amount equal to 11% of aggregate net sales (in all countries and territories) from $100,000,001 to $200,000,000 of each product; An amount equal to 13% of aggregate net sales (in all countries and territories) from $200,000,001 to $500,000,000 of each product; An amount equal to 14% of aggregate net sales (in all countries and territories) from $500,000,001 to $1,000,000,000 for each product; An amount equal to 16% of aggregate net sales (in all countries and territories) equal to or greater than $1,000,000,001 for each product.

Also the manufacturing rights were Avid's!