Research and Development Costs. If ***, where any development work is to be conducted pursuant to Clause 4 hereto, the costs of such development work as agreed pursuant to any agreed Development Plan shall be shared as follows: 4.4.1. Valeant and Meda shall each pay *** for (i) the development of Elidel Licensed Products agreed to by the Parties (including agreement as to which Party shall be responsible for conducting such development work), and (ii) ***. 4.4.2. Valeant shall pay *** and Meda shall pay *** for the development costs for the development of Xerese Licensed Products agreed to by the Parties (the “Agreed Ratio”) and Valeant shall be responsible for conducting such development work, provided that the work is conducted in accordance with an agreed Development Plan.
Appears in 2 contracts
Sources: License Agreement, License Agreement (Valeant Pharmaceuticals International, Inc.)