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Commitments (Tables)
6 Months Ended
Jun. 30, 2012
Contractual Obligations and Commitments

2012.The following table represents its contractual obligations and commitments at June 30, 2012 (in thousands of U.S. dollars):

 

    Less than
1 year
    1-3
years
    Total  
                   
OCT Clinical Service Agreement (1)   $ 356     $ 0     $ 356  
Oregon Health & Science University(2)     0       500       500  
Database Integration Service Agreement (3)     80       0       80  
Total   $ 436     $ 500     $ 936  

 

(1) Under the service agreement with OCT Group LLC entered in August 2010, the Company is required to make several payments over the course of our Phase II clinical trial in Russia. The payments will be made upon the fulfillment of several milestones during the planned clinical trial including: regulatory approval of trial, enrollment of patients and the completion of therapy of patients. The Company amended the agreement in April 2011 and August 2011 for the addition of additional sites for OCT to service during the Phase II clinical trial. Further the Company amended the agreement in June 2012 for the transition to a paper based database to be developed by OCT.

 

(2) Under the license agreement with Oregon Health & Science University (OHSU) for STS, the Company is required to pay specified amounts in the event that we complete certain Adherex-initiated clinical trials. For example, upon the successful completion of the Phase III clinical trial with COG or SIOPEL, we may become responsible for a payment to OHSU of up to $0.5 million. In addition, under the license agreement upon the first commercial sale of STS we may become responsible for another payment to OHSU of up to $0.3 million. Royalty payments, which are contingent on sales, are not included.

 

(3) Under the service agreement with Database Integrations entered in December 2010, the Company is required to make several payments over the course of our Phase II clinical trial in Russia.  The payments will be made monthly with the last payment to be made upon the completion of the milestone of the database lock.