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11. Royalties Payable
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
11. Royalties Payable

As part of a subscription agreement entered into in 2016, the Company has an obligation to pay a royalty of 5% of net sales on one of its generic products (Anastrozole) for a period of three (3) years from the date of the first sale of that product.