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.
Global Banking News-May 29, 2019-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
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.
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.
BANKING AND CREDIT NEWS-December 5, 2014-CTI BioPharma gets USD15m milestone payment for TRISENOX
"Milestone payment" means a nonrefundable amount that is contingent on the achievement of a milestone.
(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.
M2 PHARMA-August 31, 2018-DURECT wins USD5m milestone payment from Indivior
Epizyme (EPZM) announced it has earned an $8M milestone payment from GlaxoSmithKline (GSK).
M2 PHARMA-August 16, 2018-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).