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Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

Summary of milestone payments

Milestones		Payments
(1) filing of an New Drug Application (“NDA”) or regulatory approval for each licensed product		$	750,000
(2) upon the receipt of regulatory approval from the U.S. FDA for each licensed product			1,750,000

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, 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.

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