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Titan Pharmaceuticals Inc. Message Board

  • permit2084 permit2084 Dec 19, 2012 10:46 PM Flag

    MILESTONES

    Milestone Event:

    Milestone Payment:
    (i) FDA Approval of Product NDA
    ***
    (ii) Submission of NDA for Subsequent Indication of chronic pain
    ***
    (iii) FDA Approval of NDA for Subsequent Indication of chronic pain
    ***
    (iv) Submission of NDA for each additional Subsequent Indication (i.e., not for chronic pain)
    ***
    (v) FDA Approval of NDA for each additional Subsequent Indication (i.e., not for chronic pain)
    ***
    (c) Sales Milestones. With respect to the first achievement of each of the applicable milestone events set forth below, Braeburn shall pay to Titan by wire transfer of immediately available funds to an account designated by Titan, the applicable non-refundable, non-creditable, sales milestone payment listed below, within sixty (60) Business Days after the end of the Calendar Quarter in which the applicable milestone event is first achieved:

    Milestone Event:

    Milestone Payment:
    (i) The first time Net Sales in the Territory in a Royalty Period exceed ***


    ***
    (ii) The first time Net Sales in the Territory in a Royalty Period exceed ***


    ***
    (iii) The first time Net Sales in the Territory in a Royalty Period exceed ***


    ***
    (iv) The first time Net Sales in the Territory in a Royalty Period exceed ***

    Two of the milestones are for NDAs for Probuphine for uses other than chronic pain.
    What other indications are there for Probuphine use other than chronic pain?

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