Development Payments. Pfizer will pay BioNTech RNA the one-off amounts set forth below within 60 days following the first occurrence of each event described below for the first Candidate or Product (as applicable) Covered by a Valid Claim in the applicable country of Development or Commercialization in the Territory to achieve such event (each, a “Development Payment”).
Appears in 2 contracts
Sources: Research Collaboration and License Agreement (BioNTech SE), Research Collaboration and License Agreement (BioNTech SE)