Two parties join together to develop a technology, compound or product jointly.
Co-development involves two parties collaborating to advance an asset to market where the two parties share the development risk and subsequently share in the commercialization rewards in the form of revenues either from direct marketing or licensing to a third party.
A co-development agreement generally presumes a subsequent licensing agreement with a third party or if commercialization is to be undertaken by the parties, a co-promotion agreement.
1. Co-development agreement for malaria vaccine
ARTES Biotechnology and Burnet Institute have joined forces to develop a new type of malaria vaccine in a project funded by the PATH Malaria Vaccine Initiative (MVI).
View or report title: Co-development Terms and Agreements in Pharma, Biotech and Diagnostics
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