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(161) The only case where the exclusivity period is reduced to four
At the outset of TPP negotiations, the United States urged other Pacific Rim-members to adopt a similar 12-year exclusivity period for biopharmaceuticals, asserting that 12 years of exclusivity is necessary to foster innovation and provide incentives for companies to develop new drugs.
Bates said: "Suffice to say that the exclusivity period granted to the original would-be investor have now lapsed, but we are continuing talks with the same people."
Padbury and Aurium have agreed to extend the exclusivity period by 30 days, which will enable those discussions to continue.
Indophil NL said 'Extension of the exclusivity period does not represent a statement of intention on the part of San Miguel to submit a control proposal for Indophil, and there is no assurance that any proposal will be submitted.'
'Old Mutual PLC has been informed today that HSBC will not proceed with a partial offer for Nedbank following the expiry of the agreed exclusivity period,' the insurer said.
Teva was told last month it can't begin sales until Ranbaxy's 180-day exclusivity period ends.
(9) This 12-year exclusivity period far exceeds the 3-, 5- and 7-year terms of exclusivity available to manufacturers of branded small-molecule drugs.
The company said the proposal was subject to due diligence and requested an exclusivity period. In addition, the proposal was conditioned on the company abandoning its contemplated senior notes and equityofferings.
The private equity firms, which filed a joint bid for the unit, have been granted a one-week exclusivity period to wrap up its final offer, the source added.
No exclusivity period has been entered into due to the additional financial commitment that would have entailed - a fee of pounds 5,000 was required simply to gain access to the books.
Under its provisions, other Jordanian airline companies will only be allowed to operate charter flights during the exclusivity period.
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