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Note 12. Collaborative and License Agreements
6 Months Ended
Jun. 30, 2011
Collaborative Arrangement Disclosure [Text Block]
12. COLLABORATIVE AND LICENSE AGREEMENTS

The Company has granted an exclusive, worldwide license to Merck KGaA of Darmstadt, Germany, or Merck KGaA, for the development, manufacture and commercialization of Stimuvax.  The Company has no continuing involvement in the ongoing development, manufacturing or commercialization of Stimuvax.  Under the 2008 license agreement, the Company may receive milestones of up to $90 million upon the occurrence of certain specified events.  These contingent payments would be recognized as revenue upon the occurrence of such events.  The Company is also entitled to receive royalties based on net sales of Stimuvax ranging from a percentage in the mid-teens to high single digits, depending on the territory in which the net sales occur.  The Company has (1) agreed not to develop any product, other than ONT-10, that is competitive with Stimuvax and (2) granted to Merck KGaA a right of first negotiation in connection with any contemplated collaboration or license agreement with respect to the development of commercialization of ONT-10.  No amounts were recognized in connection with this agreement in either 2011 or 2010.