Based on recent third party audit reports for August 2003, INTEGRILIN continues to be the U.S. product sales and Schering-Plough pays Millennium royalties on sales outside of the U.S. Millennium-Schering sales force for INTEGRILIN® (eptifibatide) Injection Both parties share the revenue and expenses related to U.S. Worldwide sales of INTEGRILIN for the quarter ended Septemwere $79.2 million, as provided to Millennium by Schering-Plough Corporation. Millennium's 2003 third quarter report states that "Co-promotion revenue, based on worldwide sales of INTEGRILIN® (eptifibatide) Injection, was $47.9 million for the quarter ended September 30, 2003, compared to $45.0 million for the same period in 2002. As of July 2005, Schering-Plough exclusively develops and commercializes INTEGRILIN in areas outside of Europe and pays Millennium royalties. Schering-Plough and Millenium – In July 2005 the two companies restructured a pre-existing partnership. In addition, the agreement gives Bayer rights to promote certain Schering-Plough cancer products in the United States and key European markets for a defined period of time in order to supplement efforts by Schering-Plough's oncology salespeople. In Japan, Schering-Plough's and Bayer's local organizations will co-promote Schering-Plough's cholesterol treatment ZETIA, but will otherwise remain independent. A substantial number of high-performing Bayer sales representatives and marketing personnel are expected to be integrated into Schering-Plough's pharmaceutical organization in the United States and Puerto Rico." Schering-Plough and Bayer will share Bayer's portion of the profits on the U.S. commercialization activities for the erectile dysfunction medicine LEVITRA under Bayer's existing global co-promotion agreement and will jointly manage the business in the United States with GlaxoSmithKline PLC. Schering-Plough will also understake Bayer's U.S. Schering-Plough will pay Bayer a substantial royalty based on net sales of these products. According to a Schering-Plough press release, "Schering-Plough will undertake Bayer's marketing and sales activities in the United States and Puerto Rico for all of its primary care products, including AVELOX and CIPRO in the antibiotics category, the cardiovascular product ADALAT (nifedipine) and some other smaller, established primary care Bayer products. Schering-Plough and Bayer – In September 2004 Bayer HeathCare entered into a strategic alliance with Schering-Plough, under the terms of which Bayer's primary care pharmaceutical products are to be marketed and distributed by Schering-Plough in the United States. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.Select Joint Ventures, Partnerships, and Alliances with Big Pharma PrePay Technologies Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900010) for the issuing of electronic money and payment instruments.
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