Related-Party Transactions

12 Months Ended

Dec. 31, 2018

Related-Party Transactions

Related-Party Transactions

16. Related‑Party Transactions

The Company has entered into a research agreement, as subsequently amended, with the Mount Sinai School of Medicine (“Mount Sinai”), with which a member of its board of directors and a significant stockholder is affiliated. Mount Sinai is undertaking research on behalf of the Company on the terms set forth in the agreements. Mount Sinai, in connection with the Company, will prepare applications for patents generated from the research. Results from all projects will belong exclusively to Mount Sinai, but the Company will have an exclusive option to license any inventions. Payments to Mount Sinai under this research agreement for the years ended December 31, 2018 and 2017 were $351,000 and $351,000, respectively. At December 31, 2018 and 2017, the Company had $88,000 and $526,000 payable to Mount Sinai under this agreement.

The Company has entered into a consulting agreement with a member of its board of directors, who is also a significant stockholder. The board member provides consulting services to the Company on the terms set forth in the agreement. Payments to this board member under this agreement for the years ended December 31, 2018 and 2017 were $132,000 and $132,000, respectively. At December 31, 2018 and December 31, 2017, the Company had $33,000 and $33,000, respectively, payable under this agreement.