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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2013
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

(8) RELATED PARTY TRANSACTIONS

 

During the three months ended September 30, 2013, the Company entered into a one year consulting agreement with a non-employee director under which the director provides advisory services in support of the Company’s commercialization activities. In accordance with the agreement, the Company granted a restricted stock award for 4,277 shares of common stock that  vests over one year, and will make cash payments totaling $60.0 thousand over the one year term of the agreement.