ISIS » Topics » 7.2 Funding for Collaborative Research Program Activities.

This excerpt taken from the ISIS 10-Q filed May 12, 2008.

7.2          Funding for Collaborative Research Program Activities.


(a)           Except as specifically provided otherwise herein, as of the Effective Date, ATL will pay for all activities performed by ISIS in the course of the Collaborative Research Program hereunder [***].  Labor will [***].  Materials and out of pocket expenses incurred by ISIS will be [***]




(b)           ISIS will submit an invoice for such expenditures to ATL after each Calendar Quarter, and ATL will submit payment to ISIS within [***] days from the date of invoice, consistent with the provisions of Section 5.7.


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