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Related Party Note
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3 Months Ended | |
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Mar. 31, 2015
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| Related Party Transactions [Abstract] | ||
| Related Party Note |
13. Related Party Note Related Party Service Agreement On April 3, 2014, the Company entered into a Shared Services Agreement with OPPM in which the parties agreed to share a rented facility as well as costs for certain services, which they individually require for the operation of their respective entities. The Company’s Chairman, President and Chief Executive Officer and the Company’s Executive Vice Chairman, Strategic Development, are both Co-Portfolio Managers and Partners of OPPM. The Company incurred expense of approximately $40,000 under this agreement for the three months ended March 31, 2015, no expense was incurred in 2014. The agreement can be terminated by either party with thirty days’ notice.
Checkpoint Collaboration Agreement with TGTX
In connection with the license agreement with Dana-Farber, Checkpoint entered into a collaboration agreement with TGTX to develop and commercialize the Anti-PD-L1 and Anti-GITR antibody research programs in the field of hematological malignancies. In connection with this Agreement TGTX paid an upfront fee of 0.5 million for the three months ended March 31, 2015. (Note 1) |
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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