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Acadia Pharmaceuticals Inc – ‘10-Q’ for 6/30/17 – ‘EX-10.3’

On:  Tuesday, 8/8/17, at 4:28pm ET   ·   For:  6/30/17   ·   Accession #:  1564590-17-16559   ·   File #:  0-50768

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/08/17  Acadia Pharmaceuticals Inc        10-Q        6/30/17   47:3.8M                                   ActiveDisclosure/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    521K 
 2: EX-10.1     Material Contract                                   HTML     19K 
 3: EX-10.3     Material Contract                                   HTML     72K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     22K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     21K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     19K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     19K 
14: R1          Document and Entity Information                     HTML     36K 
15: R2          Condensed Consolidated Balance Sheets               HTML     96K 
16: R3          Condensed Consolidated Balance Sheets               HTML     34K 
                (Parenthetical)                                                  
17: R4          Condensed Consolidated Statements of Operations     HTML     49K 
18: R5          Condensed Consolidated Statements of Comprehensive  HTML     30K 
                Loss                                                             
19: R6          Condensed Consolidated Statements of Cash Flows     HTML    103K 
20: R7          Organization and Business                           HTML     20K 
21: R8          Basis of Presentation and Significant Accounting    HTML     35K 
                Policies                                                         
22: R9          Net Loss Per Share                                  HTML     19K 
23: R10         Stock-Based Compensation                            HTML     53K 
24: R11         Balance Sheet Details                               HTML     56K 
25: R12         Investment Securities                               HTML    101K 
26: R13         Fair Value Measurements                             HTML    123K 
27: R14         Stockholders' Equity                                HTML     23K 
28: R15         Commitments and Contingencies                       HTML     23K 
29: R16         Recent Accounting Pronouncements                    HTML     28K 
30: R17         Basis of Presentation and Significant Accounting    HTML     45K 
                Policies (Policies)                                              
31: R18         Stock-Based Compensation (Tables)                   HTML     53K 
32: R19         Balance Sheet Details (Tables)                      HTML     59K 
33: R20         Investment Securities (Tables)                      HTML     97K 
34: R21         Fair Value Measurements (Tables)                    HTML    119K 
35: R22         Basis of Presentation and Significant Accounting    HTML     41K 
                Policies - Additional Information (Detail)                       
36: R23         Net Loss Per Share - Additional Information         HTML     18K 
                (Detail)                                                         
37: R24         Stock-Based Compensation - Summary of Stock-based   HTML     27K 
                Compensation Expense Included in Statements of                   
                Operations (Detail)                                              
38: R25         Balance Sheet Details - Schedule of Inventory       HTML     23K 
                (Detail)                                                         
39: R26         Balance Sheet Details - Schedule of Accrued         HTML     30K 
                Liabilities (Detail)                                             
40: R27         Investment Securities - Schedule of Investment      HTML     39K 
                Securities Classified as Available-for-Sale                      
                (Detail)                                                         
41: R28         Fair Value Measurements - Fair Value Measurements   HTML     43K 
                of Cash Equivalents and Available-For-Sale                       
                Investment Securities (Detail)                                   
42: R29         Stockholders' Equity - Additional Information       HTML     38K 
                (Detail)                                                         
43: R30         Commitments and Contingencies - Additional          HTML     27K 
                Information (Detail)                                             
44: R31         Recent Accounting Pronouncements - Additional       HTML     27K 
                Information (Detail)                                             
46: XML         IDEA XML File -- Filing Summary                      XML     74K 
45: EXCEL       IDEA Workbook of Financial Reports                  XLSX     38K 
 8: EX-101.INS  XBRL Instance -- acad-20170630                       XML    876K 
10: EX-101.CAL  XBRL Calculations -- acad-20170630_cal               XML    110K 
11: EX-101.DEF  XBRL Definitions -- acad-20170630_def                XML    118K 
12: EX-101.LAB  XBRL Labels -- acad-20170630_lab                     XML    478K 
13: EX-101.PRE  XBRL Presentations -- acad-20170630_pre              XML    328K 
 9: EX-101.SCH  XBRL Schema -- acad-20170630                         XSD     71K 
47: ZIP         XBRL Zipped Folder -- 0001564590-17-016559-xbrl      Zip     66K 


‘EX-10.3’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C: 

Exhibit 10.3

***Text Omitted and Filed Separately

with the Securities and Exchange Commission.

Confidential Treatment Requested

Under 17 C.F.R. Sections 200.80(b)(4)

and 240.24b-2.

MSA Attachment No.4

This MSA Attachment No.4 (MSA Attachment No.4) is entered into among Siegfried Evionnaz SA, route du Simplon 1, 1902 Evionnaz, Switzerland (Siegfried Evionnaz) and Siegfried AG, Untere Bruehlstrasse 4, 4800 Zofingen, Switzerland (Siegfried Zofingen and collectively with Siegfried Evionnaz, Siegfried) and ACADIA pharmaceuticals GmbH, c/o KENDRIS AG, Seidenhofstrasse 14, 6003 Luzern, Switzerland (ACADIA) under the Master Services Agreement dated December 15, 2016 (the Agreement). Pursuant to the Agreement, Siegfried has agreed to perform certain Services in accordance with written MSA Attachments, such as this one, entered into from time to time. Capitalized terms used in this MSA Attachment No. 4 and not otherwise defined have the meanings given to them in the Agreement.

 

The Parties hereby agree as follows:

 

1. MSA Attachment

This document constitutes a MSA Attachment under the Agreement and this MSA Attachment No.4 and the Services contemplated herein are subject to the terms and provisions of the Agreement. In accordance with Section 2.1 of the Agreement, Siegfried Zofingen’s Affiliate Siegfried Evionnaz hereby opts into the terms of the Agreement with regard to this MSA Attachment No.4 and the Services contemplated herein. Except if expressly modified in this MSA Attachment No.4, the terms of the Agreement are hereby incorporated by reference herein.

 

2.

Services, Product, and Materials

Services:

Pursuant to the terms of the Agreement, this MSA Attachment No.4 and each Work Order (defined below), stability study-related services related to Pimavanserin will be provided by Siegfried Evionnaz and/or Siegfried Zofingen for ACADIA upon full execution of each Work Order.

Scope:

The specific scope of the Services to be provided by Siegfried will be set forth in separate work orders as mutually agreed by the parties (each a Work Order) which shall be in substantially the same format as the work order template attached hereto as Exhibit A, which is incorporated herein by this reference. Each Work Order shall be subject to the terms of this MSA Attachment No. 4 and the Agreement.

Product:

Pimavanserin (API) and any of its intermediates

Consigned Material:

None

1 of 4

 


 

Raw Materials:

None

 

3.

Commercial Terms

Sales price:

Each Work Order shall include the total cost of Services to be provided under each such Work Order, which amount shall not be exceeded without ACADIA’s prior written consent.

Invoice Terms:

 

If applicable, […***…].

 

[…***…]

 

Note: […***…]

 

Invoicing will occur in Swiss Francs (CHF)

 

The Services herein will be conducted at either Siegfried’s facility in Evionnaz, Switzerland or Zofingen, Switzerland (as specified in each Work Order).

 

Term:

This MSA Attachment No.4 is entered into as of May 12, 2017 to be retroactively effective as of January 1, 2017 and, unless earlier terminated in accordance with the Agreement, shall continue in full force and effect for an initial period of […***…] (the MSA Attachment No.4 Initial Period).  After the MSA Attachment No.4 Initial Period, this MSA Attachment No. 4 shall automatically renew for consecutive […***…] periods each, unless one of the Parties notifies the other of its election not to renew this MSA Attachment No. 4 at least […***…] prior to the end of the MSA Attachment No.4 Initial Period or any renewal period then in effect, in which case this MSA Attachment No. 4 shall terminate upon the expiration of such term. This MSA Attachment No.4 may be terminated earlier subject to and in accordance with the terms and conditions contained in the Agreement.

[Signature Page Follows]


Page 2 of 4

 


 

Signatures:

Siegfried Evionnaz SA

/s/ Luca Parlanti, Ph.D.                                          /s/ Horacio Comas

 

Luca Parlanti, Ph.D.

Head of Global Sales & Marketing

Custom Synthesis

Siegfried Evionnaz SA

 

Horacio Comas

Project Manager

Custom Synthesis

Siegfried Evionnaz SA

 

Siegfried AG

          

/s/ Anders Sjöberg                                                 /s/ Eva Mössl

 

Anders Sjöberg

Project Manager

Siegfried AG

 

Name:  Eva Mössl

Function:  VP, Sen. Key Account Management

Siegfried AG

 

 

 

ACADIA Pharmaceuticals GmbH

Purchase Order:  00021 (for all Work Orders processed under MSA Attachment 4)

/s/ Glenn F. Baity
Name:  Glenn F. Baity

Function:  Director

 

 

 

 

 

 

 

 

 


Page 3 of 4

 


 

Exhibit A

Work Order Template

 

Work Order #____

 

This Work Order #___ (this Work Order) is entered into as of _________________ (Effective Date) between ACADIA Pharmaceuticals GmbH (ACADIA) and [Siegfried Evionnaz SA or Siegfried AG] (Siegfried).  This Work Order is subject to the terms of the MSA Attachment No. 4 effective January 1, 2017 between the parties and the Master Services Agreement dated December 15, 2016 between ACADIA and Siegfried AG.

 

The parties hereby agree that Siegfried will perform the following stability study-related Services for ACADIA for a total cost not to exceed the “Work Order Amount” specified below:

 

Scope of Services:  

 

 

Stability Study Scope:

 

o

Define Product or Intermediate name and part number

 

o

Define subject campaign or lot numbers

 

o

Define stability study site (Evionnaz or Zofingen)

 

o

Duration of study for # of batch at standard condition […***…].

 

o

Duration of study for # of batch/es at accelerated conditions.

 

o

Define Test Points  

 

o

Define Testing Required for Stability […***…].

 

o

T = 0 testing will occur at product release.

 

o

Define Standard packaging […***…]

 

o

Initiation will occur within […***…]

 

 

Provide Stability Summary Table

 

 

Stability Study Cost/Work Order Amount:CHF

 

Approval:

 

The undersigned are duly authorized representatives of their respective parties and hereby agree to this Work Order as of the Effective Date:

 

[Siegfried Evionnaz SA or Siegfried AG]

 

__________________________________                 ____________________

Siegfried Project ManagerDate

 

 

__________________________________                 ____________________

SiegfriedDate

 

ACADIA Pharmaceuticals GmbH

 

_________________________________   ____________________

Glenn F. Baity, DirectorDate

Page 4 of 4

 


 

MSA Attachment No.5

 

This MSA Attachment No.5 (MSA Attachment No.5) is entered into among Siegfried Evionnaz SA, route du Simplon 1, 1902 Evionnaz, Switzerland (Siegfried Evionnaz) and Siegfried AG, Untere Bruehlstrasse 4, 4800 Zofingen, Switzerland (Siegfried Zofingen and collectively with Siegfried Evionnaz, Siegfried) and ACADIA pharmaceuticals GmbH, c/o KENDRIS AG, Seidenhofstrasse 14, 6003 Luzern, Switzerland (ACADIA) under the Master Services Agreement dated December 15, 2016 (the Agreement). Pursuant to the Agreement, Siegfried has agreed to perform certain Services in accordance with written MSA Attachments, such as this one, entered into from time to time. Capitalized terms used in this MSA Attachment No. 5 and not otherwise defined have the meanings given to them in the Agreement.

 

The Parties hereby agree as follows:

 

1. MSA Attachment

This document constitutes a MSA Attachment under the Agreement and this MSA Attachment No.5 and the Services contemplated herein are subject to the terms and provisions of the Agreement. In accordance with Section 2.1 of the Agreement, Siegfried Zofingen’s Affiliate Siegfried Evionnaz hereby opts into the terms of the Agreement with regard to this MSA Attachment No.5 and the Services contemplated herein. Except if expressly modified in this MSA Attachment No.5, the terms of the Agreement are hereby incorporated by reference herein.

 

4.

Services, Product, and Materials

Services:

Pursuant to the terms of the Agreement, this MSA Attachment No. 5 and each Work Order (defined below), analytical development services related to Pimavanserin will be provided by Siegfried Evionnaz and/or Siegfried Zofingen for ACADIA upon full execution of each Work Order.

 

Scope:

The specific scope of the Services to be provided by Siegfried will be set forth in separate work orders as mutually agreed by the parties (each a Work Order) which shall be in substantially the same format as the work order template attached hereto as Exhibit A, which is incorporated herein by this reference. Each Work Order shall be subject to the terms of this MSA Attachment No. 5 and the Agreement.  

 

Product:

Pimavanserin (API) and any of its intermediates

Consigned Material:

None

Raw Materials:

None

1

 


 

5.

Commercial Terms

Sales price:

Each Work Order shall include the total cost of Services to be provided under each such Work Order, which amount shall not be exceeded without ACADIA’s prior written consent.

 

Invoice Terms:

 

If applicable, […***…].  

 

[…***…]

 

[…***…]

 

Invoicing will occur in Swiss Francs (CHF)

 

The Services herein will be conducted at Siegfried’s facilities at Evionnaz, Switzerland, Zofingen Switzerland and/or St. Vulbas, France (as specified in each Work Order).

 

Term:

This MSA Attachment No.5 is entered into as of May 12, 2017 to be retroactively effective as of January 1, 2017 and, unless earlier terminated in accordance with the Agreement, shall continue in full force and effect for an initial period of […***…] (the MSA Attachment No.5 Initial Period).  After the MSA Attachment No. 5 Initial Period, this MSA Attachment No. 5 shall automatically renew for consecutive […***…] periods each, unless one of the Parties notifies the other of its election not to renew this MSA Attachment No. 5 at least […***…] prior to the end of the MSA Attachment No. 5 Initial Period or any renewal period then in effect, in which case this MSA Attachment No. 5 shall terminate upon the expiration of such term.  This MSA Attachment No.5 may be terminated earlier subject to and in accordance with the terms and conditions contained in the Agreement.

[Signature Page Follows]

2

 


 

Signatures:

Siegfried Evionnaz SA

/s/ Luca Parlanti, Ph.D.                                          /s/ Horacio Comas

 

Luca Parlanti, Ph.D.

Head of Global Sales & Marketing

Custom Synthesis

Siegfried Evionnaz SA

 

Horacio Comas

Project Manager

Custom Synthesis

Siegfried Evionnaz SA

 

Siegfried AG

          

/s/ Anders Sjöberg                                                 /s/ Eva Mössl

 

Anders Sjöberg

Project Manager

Siegfried AG

 

Name:  Eva Mössl

Function:  VP, Sen. Key Account Management

Siegfried AG

 

 

 

ACADIA Pharmaceuticals GmbH

Purchase Order:  00022 (for all Work Orders processed under MSA Attachment 5)

 

/s/ Glenn F. Baity
Name:  Glenn F. Baity

Function:  Director


3

 


 

Exhibit A

Work Order Template

 

Work Order #____

 

 

This Work Order #___ (this Work Order) is entered into as of _________________ (Effective Date) between ACADIA Pharmaceuticals GmbH (ACADIA) and [Siegfried Evionnaz SA or Siegfried AG] (Siegfried).  This Work Order is subject to the terms of the MSA Attachment No. 5 effective January 1, 2017 between the parties and the Master Services Agreement dated December 15, 2016 between ACADIA and Siegfried AG.

 

The parties hereby agree that Siegfried will perform the following analytical development Services for ACADIA for a total cost not to exceed the “Work Order Amount” specified below:

Scope of Services:

 

 

Analytical Development Scope:

 

o

Define Product or Intermediate name and part number

 

o

Define Tasks, Deliverables, Estimated Time of Initiation, Estimated Time of Completion.

 

 

 

Work Order Amount:CHF

 

 

Approval:

 

The undersigned are duly authorized representatives of their respective parties and hereby agree to this Work Order as of the Effective Date:

 

[Siegfried Evionnaz SA or Siegfried AG]

 

 

__________________________________               ____________________

Siegfried Project ManagerDate

 

 

__________________________________               ____________________

SiegfriedDate

 

 

ACADIA Pharmaceuticals GmbH

 

 

_________________________________   ____________________

Glenn F. Baity, DirectorDate

 

4

 


 

MSA Attachment No.6

 

This MSA Attachment No.6 (MSA Attachment No.6) is entered into among Siegfried Evionnaz SA, route du Simplon 1, 1902 Evionnaz, Switzerland (Siegfried Evionnaz) and Siegfried AG, Untere Bruehlstrasse 4, 4800 Zofingen, Switzerland (Siegfried Zofingen and collectively with Siegfried Evionnaz, Siegfried) and ACADIA pharmaceuticals GmbH, c/o KENDRIS AG, Seidenhofstrasse 14, 6003 Luzern, Switzerland (ACADIA) under the Master Services Agreement dated December 15, 2016 (the Agreement). Pursuant to the Agreement, Siegfried has agreed to perform certain Services in accordance with written MSA Attachments, such as this one, entered into from time to time. Capitalized terms used in this MSA Attachment No. 6 and not otherwise defined have the meanings given to them in the Agreement.

 

The Parties hereby agree as follows:

 

1. MSA Attachment

This document constitutes a MSA Attachment under the Agreement and this MSA Attachment No.6 and the Services contemplated herein are subject to the terms and provisions of the Agreement. In accordance with Section 2.1 of the Agreement, Siegfried Zofingen’s Affiliate Siegfried Evionnaz hereby opts into the terms of the Agreement with regard to this MSA Attachment No.6 and the Services contemplated herein. Except if expressly modified in this MSA Attachment No.6, the terms of the Agreement are hereby incorporated by reference herein.

 

6.

Services, Product, and Materials

Services:

Pursuant to the terms of the Agreement, this MSA Attachment No. 6 and each Work Order (defined below), chemical development services (which may include ancillary analytical development support services) related to Pimavanserin will be provided by Siegfried Evionnaz and/or Siegfried Zofingen for ACADIA upon full execution of each Work Order.

 

Scope:

 

The specific scope of the Services to be provided by Siegfried will be set forth in separate work orders as mutually agreed by the parties (each a Work Order) which shall be in substantially the same format as the work order template attached hereto as Exhibit A, which is incorporated herein by this reference. Each Work Order shall be subject to the terms of this MSA Attachment No. 6 and the Agreement.  

 

 

1

 


Product:

Pimavanserin (API) and any of its intermediates

Consigned Material:

None

Raw Materials:

None

 

7.

Commercial Terms

Sales price:

Each Work Order shall include the total cost of Services to be provided under each such Work Order, which amount shall not be exceeded without ACADIA’s prior written consent.

Invoice Terms:

If applicable, […***…].  

 

[…***…]

 

[…***…]

 

Invoicing will occur in Swiss Francs (CHF)

 

The Services herein will be conducted at Siegfried’s facilities at Evionnaz, Switzerland, Zofingen Switzerland and/or St. Vulbas, France (as specified in each Work Order).

 

Term:

This MSA Attachment No.6 is effective as of May 12, 2017 and, unless earlier terminated in accordance with the Agreement, shall continue in full force and effect for an initial period of […***…] (the MSA Attachment No.6 Initial Period).  After the MSA Attachment No.6 Initial Period, this MSA Attachment No. 6 shall automatically renew for consecutive […***…] periods each, unless one of the Parties notifies the other of its election not to renew this MSA Attachment No. 6 at least […***…] prior to the end of the MSA Attachment No.6 Initial Period or any renewal period then in effect, in which case this MSA Attachment No. 6 shall terminate upon the expiration of such term.  This MSA Attachment No.6 may be terminated earlier subject to and in accordance with the terms and conditions contained in the Agreement.

[Signature Page Follows]

 

2

 


Signatures:

Siegfried Evionnaz SA

/s/ Luca Parlanti, Ph.D.                                          /s/ Horacio Comas

 

Luca Parlanti, Ph.D.

Head of Global Sales & Marketing

Custom Synthesis

Siegfried Evionnaz SA

 

Horacio Comas

Project Manager

Custom Synthesis

Siegfried Evionnaz SA

 

Siegfried AG

          

/s/ Anders Sjöberg                                                 /s/ Eva Mössl

 

Anders Sjöberg

Project Manager

Siegfried AG

 

Name:  Eva Mössl

Function:  VP, Sen. Key Account Management

Siegfried AG

 

 

 

ACADIA Pharmaceuticals GmbH

Purchase Order:  00020 (for all Work Orders processed under MSA Attachment 6)

 

/s/ Glenn F. Baity
Name:  Glenn F. Baity

Function:  Director


3

 


Exhibit A

Work Order Template

 

Work Order #____

 

 

This Work Order #___ (this Work Order) is entered into as of _________________ (Effective Date) between ACADIA Pharmaceuticals GmbH (ACADIA) and [Siegfried Evionnaz SA or Siegfried AG] (Siegfried).  This Work Order is subject to the terms of the MSA Attachment No. 6 effective January 1, 2017 between the parties and the Master Services Agreement dated December 15, 2016 between ACADIA and Siegfried AG.

 

The parties hereby agree that Siegfried will perform the following chemical development (and ancillary analytical development support) Services for ACADIA for a total cost not to exceed the “Work Order Amount” specified below:

 

Scope of Services:

 

 

Chemical development and analytical development support Scope:

 

o

Define Product or Intermediate name and part number

 

o

Define Tasks, Deliverables, Estimated Time of Initiation, Estimated Time of Completion.

 

 

 

Work Order Amount:CHF

 

 

Approval:

 

The undersigned are duly authorized representatives of their respective parties and hereby agree to this Work Order as of the Effective Date:

 

[Siegfried Evionnaz SA or Siegfried AG]

 

 

__________________________________               ____________________

Siegfried Project ManagerDate

 

 

__________________________________               ____________________

SiegfriedDate

 

 

ACADIA Pharmaceuticals GmbH

 

 

_________________________________   ____________________

Glenn F. Baity, DirectorDate

 

 

 

 

4

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/8/174,  8-K,  S-8
For Period end:6/30/17
5/12/17
1/1/17
12/15/168-K
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/01/22  Acadia Pharmaceuticals Inc.       10-K       12/31/21   82:13M                                    Donnelley … Solutions/FA
 2/25/21  Acadia Pharmaceuticals Inc.       10-K       12/31/20   80:13M                                    ActiveDisclosure/FA
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