milestone payment

milestone payment

A financial payment infused into a small company developing a drug candidate after it achieves defined goals or milestones in Phase 2 or Phase 3 trials. Milestone payments are made by larger companies interested in marketing said candidate.
References in periodicals archive ?
In addition to the upfront payment that VIVUS received at the time the agreement was executed and the $2.5M milestone payment related to MFDS approval, the agreement also includes future milestone payments contingent upon initiating the commercial launch and achieving sales goals within the covered territory.
VIVUS announces approval of Qsymia in the Republic of Korea
Global Banking News-May 29, 2019-Zymeworks achieves USD2.0m milestone payment from Merck
Zymeworks achieves USD2.0m milestone payment from Merck
NORDIC BUSINESS REPORT-September 14, 2018-CytRx Corporation announces USD250,000 in milestone payment for arimoclomol from Orphazyme A/S
CytRx Corporation announces USD250,000 in milestone payment for arimoclomol from Orphazyme A/S
Based on this milestone and under the terms of the agreement, Agenus received a $4 million milestone payment and is entitled to receive up to an additional $95 million in success milestones from Merck.
Merck, Agenus
As per Carnegie, a $54,444 milestone payment has been obtained by it from the State Government under its Low Emissions Energy Development grant and had also submitted a milestone payment claim worth $316,785 to the Federal Government under its Australian Renewable Energy Agency (ARENA) Emerging Renewables Program.
Australia : CARNEGIE WAVE all set to run Onshore Power Plant
BANKING AND CREDIT NEWS-December 5, 2014-CTI BioPharma gets USD15m milestone payment for TRISENOX
CTI BioPharma gets USD15m milestone payment for TRISENOX
"Milestone payment" means a nonrefundable amount that is contingent on the achievement of a milestone.
Success-based fees and milestone payments
(SeeNews) - Aug 5, 2014 - Belgian Galapagos (EBR:GLPG, AMS:GLPG) has made a new step toward its search for a new medicine against osteoarthritis, KBC Securities said Tuesday, commenting on the new milestone payment the biotechnology firm received from its partner Servier.
Galapagos progresses search for osteoarthritis drug - analysts
M2 PHARMA-August 31, 2018-DURECT wins USD5m milestone payment from Indivior
DURECT wins USD5m milestone payment from Indivior
Epizyme (EPZM) announced it has earned an $8M milestone payment from GlaxoSmithKline (GSK).
Epizyme earns $8M milestone payment from GlaxoSmithKline
M2 PHARMA-August 16, 2018-Agenus wins second milestone payment from Merck
Agenus wins second milestone payment from Merck
Ra Pharmaceuticals (RARX) announced that it has received a development milestone payment under its collaboration agreement with Merck (MRK).
RA Pharmaceuticals receives development milestone payment from Merck
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