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Copromotion and Codevelopment Agreement

 

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Title:

Copromotion and Codevelopment Agreement

Entities:

Aventis Pharmaceuticals Inc.; ViroPharma Inc.; Nasdaq Stock Market Inc.

Date:

2001

Size:

Preview shows 6KB of 535KB total

Price:

$99

ID:

#329045

 

 

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► Biotech & Drugs ► Pharmaceutical Preparations

 

 

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filed with the Commission pursuant to Rule 24b-2 under the Securities Exchange

Act of 1934. Such portions are marked by asterisks.

COPROMOTION AND CODEVELOPMENT AGREEMENT

This Copromotion and Codevelopment Agreement (together with all Exhibits, this
"Agreement"), effective as of September 9, 2001, is made by and between
ViroPharma Incorporated, a Delaware corporation (hereinafter "ViroPharma"), with
primary offices located at 405 Eagleview Boulevard, Exton, PA 19341, and Aventis
Pharmaceuticals Inc., a Delaware corporation (hereinafter "Aventis"), with
offices located at Route 202-206, P.O. Box 6800, Bridgewater, New Jersey 08807.
ViroPharma and Aventis may be referred to herein as a "Party" or collectively as
"Parties."

WHEREAS, ViroPharma has certain exclusive rights under the SaSy Patents and the
ViroPharma Patents and the Trademarks in the Territory (as each is hereinafter
defined); and

WHEREAS, ViroPharma intends to seek regulatory approval to market, distribute
and sell VP Products (as hereinafter defined) in the Territory; and

WHEREAS, ViroPharma and Aventis each desire to collaborate with the other in the
development and marketing of VP Products in the Territory pursuant to the terms
set forth in this Agreement.

NOW, THEREFORE, for and in consideration of the foregoing and the
representations, covenants and agreements contained herein, ViroPharma and
Aventis, intending to be legally bound, hereby agree as follows:

1. DEFINITIONS.

1.1 "13D Group" means any group of Persons formed for the purpose of
acquiring, holding, voting or disposing of Voting Securities which
would be required under Section 13(d) of the Exchange Act and the
rules and regulations thereunder to file a statement on Schedule 13D
with the SEC as a "person" within the meaning of Section 13(d)(3) of
the Exchange Act. Ownership of Voting Securities shall be determined
in accordance with Rule l3d-3 of the Exchange Act as currently in
effect.

1.2 "Additional Indications" means either or both of:

1.2.1 Prevention of VRI in patients with asthma and reduction in
associated lower respiratory tract morbidity (the "Asthma
Indication"); or
________________________________________________________________________________

Page 1
{PAGE}

1.2.2 Prevention of VRI in patients with chronic obstructive
pulmonary disease and reduction in associated lower respiratory
tract morbidity (the "COPD Indication").

1.3 "Adverse Drug Experience" means any of: an "adverse drug experience,"
a "life-threatening adverse drug experience," a "serious adverse drug
experience," or an "unexpected adverse drug experience," as those
terms are defined at either 21 C.F.R. (S) 312.32 or 21 C.F.R.
------
(S) 314.80.

1.4 "Affiliate" means any person or entity that directly or indirectly
controls or is controlled by or is under common control with
ViroPharma or Aventis, as the case may be, but only for so long as
said control shall continue. As used herein the term "control" means:

1.4.1 the direct or indirect ownership of over fifty percent (50%) of
the outstanding voting securities of an entity or person (or,
such lesser percentage which is the maximum allowed to be owned
by a foreign corporation in a particular jurisdiction), or

1.4.2 the right to receive over fifty percent (50%) of the profits or
earnings of an entity or person (or, such lesser percentage
which is the maximum allowed to be owned by a foreign
corporation in a particular jurisdiction), or

1.4.3 such other relationship as in fact gives such individual or
entity the power or ability to control the management, business
and affairs of an entity or person.

1.5 "Assigned Sales Force Effort" shall mean the number and type of PDEs
to be performed by a Party for a VP Product in the Territory in each
month during any Calendar Quarter, as assigned by the Marketing
Subcommittee under the then applicable Commercialization Plan and
Budget and in accordance with Section 5.4.

1.6 "Aventis Competitor" means:

1.6.1 an entity which, together with its Affiliates is among the top
twenty (20) pharmaceutical products companies in North America
based on annual revenues from North American sales of
pharmaceutical products in the Calendar Year immediately
preceding the Change of Control of ViroPharma, as reported by
IMS Health Incorporated;

1.6.2 an entity that sells a pharmaceutical product which is a direct
competitor of one of Aventis' top (15) pharmaceutical products
based on annual global revenues from such pharmaceutical
product, provided that such competing product has achieved a

 

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