Judgment Case 6-7
Read the following Judgement Case prompt: Assume that Pfizer, a large research-based pharmaceutical company, enters into a contract with a start-up biotechnology company called HealthPro and promises to:
1. Grant HealthPro the exclusive rights to use Pfizer’s Technology A for the life of its patent. The license gives HealthPro the exclusive right to market, distribute, and manufacture Drug B as developed using Technology A. Pfizer views the patent as functional intellectual property.
2. Assign four full-time equivalent employees to perform research and development services for HealthPro in a specially designated Pfizer lab facility. The primary objective of these services is to receive regulatory approval to market and distribute Drug B using Technology A. HealthPro is required to use Pfizer’s lab to perform the research and development services necessary to develop Drug B using Technology A, because the expertise related to Technology A is proprietary to Pfizer and not available elsewhere.
Required: Are the license and R&D development services separate performance obligations? Indicate “yes” or “no” and explain your reasoning.
The answer for the above question is YES . The reason for this is explained below.
Judgment Case 6-7 Read the following Judgement Case prompt: Assume that Pfizer, a large research-based pharmaceutical...
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