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Judgment Case Assume that Pfizer, a large research-based pharmaceutical company, enters into a contract with a start-up biotech- 6-7 nology company called HealthPro and promises
Judgment Case Assume that Pfizer, a large research-based pharmaceutical company, enters into a contract with a start-up biotech- 6-7 nology company called HealthPro and promises to Performance 1. Grant HealthPro the exclusive rights to use Pfizer's Technology A for the life of its patent. The license gives obligation; HealthPro the exclusive right to market, distribute, and manufacture Drug B as developed using Technology licensing HmmVA. Pfizer views the patent as functional intellectual property. . LO6-5, LO6-7 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 251 1 not available elsewhere. len towork so bumoment in nonchasing ass Required: Are the license and R&D development services separate performance obligations? Indicate "yes" or "no," and explain your reasoning
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