Amendment No. 2 to License Agreement between Acuity Pharmaceuticals, Inc. and Pathogenics, Inc.

Contract Categories: Intellectual Property › License Agreements
Summary

This amendment, dated March 8, 2007, updates the License Agreement between Acuity Pharmaceuticals, Inc. and Pathogenics, Inc. It requires Acuity to notify Pathogenics in writing within two business days whenever a specified milestone in the agreement is achieved. The amendment replaces the previous notification procedure in Section 4.7(a) of the original License Agreement. All other terms of the License Agreement remain unchanged.

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EX-10.11 11 g06337exv10w11.htm EX-10.11 AMENDMENT NO. 2 TO LICENSE AGREEMENT EX-10.11 Amendment No. 2 to License Agreement  

EXHIBIT 10.11
AMENDMENT NO. 2 TO
LICENSE AGREEMENT
     Amendment No. 2 to License (this “Amendment”) made as of March 8, 2007, by and between Acuity Pharmaceuticals, Inc., a Delaware corporation, with its principal offices at 3701 Market Street, Philadelphia, PA, 19104 (“Acuity”) and Pathogenics, Inc., a Delaware Corporation with its principal offices at 99 Derby Street, Suite 200, Hingham, MA 02043 (“Pathogenics”).
BACKGROUND
     WHEREAS, Acuity and Pathogenics entered into a License Agreement (the “License Agreement”) on April 13, 2006 which was amended on August 2, 2006;
     WHEREAS, Pathogenics and Acuity have agreed to enter into this Amendment to amend and restate section 4.7(a) to provide that Acuity will provide notice to Pathogenics of the achievement of a milestone within two (2) business days of the achievement of such milestone.
     NOW, THEREFORE, in consideration of the mutual promises, covenants, agreements, representations and warranties hereinafter set forth, and intending to be legally bound, the Parties hereby agree as follows:
     1. Section 4.7(a) of the License Agreement shall be replaced with the following new Section 4.7(a):
     “(a) Acuity shall provide written notice to Pathogenics the satisfaction of such milestone trigger within two (2) business days of the achievement of each applicable milestone.”
(Signature Page Follows)

 

 

     IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized representatives as of the day and year first indicated above.
             
    ACUITY PHARMACEUTICALS, INC.    
 
            
 
  By:   /s/ Dale R. Pfost
 
    
 
      Name: Dale R. Pfost    
 
      Title: President and Chief Executive Officer    
 
            
    PATHOGENICS, INC.    
 
            
 
  By:   /s/ Frederic P. Zotos
 
    
 
      Name: Frederic P. Zotos    
 
      Title: President and Chief Executive Officer