Letter Agreement Regarding Expiration of Master Collaboration Agreement between Gilead Sciences, Inc. and Scholar Rock, Inc.
This letter agreement, dated January 6, 2022, is between Gilead Sciences, Inc. and Scholar Rock, Inc. It confirms that their Master Collaboration Agreement, effective December 19, 2018, expired in its entirety on December 19, 2021, as Gilead chose not to exercise any options under the agreement. Scholar Rock retains exclusive rights to all program information, and certain sections of the original agreement no longer apply. The letter also acknowledges the continued effect of specific obligations under a related Materials Transfer Agreement. Both parties agree to these terms by signing the letter.
Execution Copy
Confidential
January 6, 2022
Scholar Rock, Inc.
301 Binney Street
Third Floor
Cambridge, MA 02142
Re: | Expiration of the Master Collaboration Agreement, by and between Gilead Sciences, Inc. (“Gilead”) and Scholar Rock, Inc. (“SR”), effective as of December 19, 2018 (the “Collaboration Agreement”) |
Ladies and Gentlemen:
Capitalized terms used in this letter and not defined herein shall have the meaning set forth in the Collaboration Agreement (as defined above). Gilead and SR are each referred to herein by name or as a “Party”, or, collectively, as the “Parties”.
As of December 19, 2021, Gilead decided not to exercise any option to any Program under the Collaboration Agreement and the Collaboration Agreement has expired in its entirety pursuant to the terms of Section 10.1 of the Collaboration Agreement.
1
Execution Copy
Confidential
Please confirm your agreement to the above by signing and returning a copy of this letter agreement.
Sincerely,
GILEAD SCIENCES, INC.
BY: /s/ William Mendez
NAME: William Mendez
TITLE: V.P. Alliance Management
Acknowledged and agreed to by:
SCHOLAR ROCK, INC. |
BY: /s/ Nagesh Mahanthappa
NAME: Nagesh Mahanthappa
TITLE: Interim CEO
2