Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Commitments

v3.19.1
Commitments
12 Months Ended
Dec. 31, 2018
Disclosure of contingent liabilities [abstract]  
Commitments
18 Commitments

The minimum annual payments under long-term lease agreements for office premises and equipment expiring over the next five years are as follows:

  $
Year ending December 31, 2019 257
2020 253
2021 253
2022 251
2023 247

On July 12, 2010, the Corporation entered into a License Agreement with Merck KGaA to in-license EMD 640744, an investigational therapeutic Survivin-based cancer antigen designed to target multiple solid tumors and hematological malignancies. Should the Corporation’s research using these antigens continue and prove successful through clinical trials and on to commercialization, the Corporation would be required to pay certain future milestones and royalty payments along the way. The likelihood and timing of these payments is not known at this time.