Concrete licensing and Partnering agreements a necessity in Bioparmaceutical Product Development.

The importance of licensing activity in the pharmaceutical industry has increased significantly over recent years. Many of the industry's biggest products were discovered and development initiated by one company, and the product then brought to market by another. Initial licensing discussions take the parties to the point where the broad outline of a potential arrangement is clear - who will do what, how much one will pay to the other and when. At that stage the discussion partners generally feel that the deal is virtually done, and are often surprised at the complexity that emerges when the lawyers are brought in to turn the outline agreement into a contract.

(PRWEB) November 26, 2003 --Research and Markets announces the addition this exiting report entitled "The Licensing Agreement in Pharmaceutical Business Development - How to get into an agreement...and out again!" to its offerings.

The importance of licensing activity in the pharmaceutical industry has increased significantly over recent years. Many of the industry's biggest products were discovered and development initiated by one company, and the product then brought to market by another.

Initial licensing discussions take the parties to the point where the broad outline of a potential arrangement is clear - who will do what, how much one will pay to the other and when. At that stage the discussion partners generally feel that the deal is virtually done, and are often surprised at the complexity that emerges when the lawyers are brought in to turn the outline agreement into a contract.

Because of the complexity of biopharma product development, corporations and their lawyers have developed a deal structure. This acts as a starting point for the detailed and specific points that must then be covered according to the nature of the technology/product and the ambitions and skills of the companies concerned. This report examines the key factors that must be considered by the lawyers when drawing up a suitable contract, and includes highlights and tips for negotiating and understanding complex license agreements, from both an English and United States perspective.

For a complete index of this report click on http://www.researchandmarkets.com/reports/40413

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