Exhibit 10.2

Confidential
Materials omitted and filed separately with the
Securities and Exchange Commission. Asterisks denote omissions.

License and Development Agreement

By
and between

Arrow
International Limited
57 St. Christopher Street
Valletta, VLT 08, Malta

and

Sepracor Inc.
84 Waterford Drive
Marlborough, MA 01752
USA

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This License and Development Agreement (this "Agreement"), dated as of April 30, 2008 is being entered into by and between Arrow International Limited, a Malta corporation having
its principal office at 57 St. Christopher Street, Valletta, VLT 08, Malta, and its Affiliates (collectively referred to as "Arrow"), and Sepracor Inc., a corporation organized and
existing under the laws of the State of Delaware and having its principal office at 84 Waterford Drive, Marlborough, MA 01752, USA ("Sepracor"). Each or both of Arrow and Sepracor are hereinafter
referred to as "Party" or "Parties", as intended in the given context.

RECITALS



NOW,
THEREFORE, in consideration of the mutual promises, covenants and agreements hereinafter set forth, the sufficiency of which is hereby acknowledged, and intending to be legally
bound, the Parties to this Agreement mutually agree as follows:

Article 1    Definitions

For the purposes of this Agreement, the following terms, whether used in the singular or plural, shall be ascribed the following
meaning:

1.1"Additional Product"means any product or proposed product, other than the Product, which contains,
[**].

1.2"Affiliate"of either Party means any corporation, firm, partnership, organization or entity, whether de jure or de
facto, which such Party directly or indirectly controls, is controlled by or is under common control with. For the purpose of this definition, the term "control" means (i) direct or indirect
ownership of fifty percent (50%) or more of the outstanding equity voting stock (or such lesser percentage which is the maximum allowed to be owned by a foreign corporation in a particular
jurisdiction) of a Party or other entity or (ii) the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Party or other entity,
whether through the ownership of voting securities, by contract, or otherwise.

1.3"Arrow Know-How"means the Know-How Controlled by Arrow (for purposes of clarity, including
Affiliates of Arrow) at any time during the Term in the Territory that may be useful to Sepracor in Sepracor's Development and Commercialization of the Product in the Territory.

1.4"Arrow Patent(s)"shall mean any and all Patents or Patent Applications Controlled by Arrow (for purposes of clarity,
including Affiliates of Arrow) at any time during the Term in the Territory with a claim relating to a Product or a component of a Product, or a method of manufacture or Formulation of any of the
foregoing, or a method of treatment using any of the foregoing. The Arrow Patents in the Territory existing on the Effective Date are identified on Schedule 1.4, as it may be amended from time

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to
time. For the avoidance of doubt, an inclusion with respect to any Arrow Patent coming into existence after the Effective Date shall occur automatically upon the first filing of a provisional or
non-provisional application in respect of such Arrow Patent in the Territory, and the subsequent amendment ofSchedule 1.4shall only
serve declaratory purposes.

1.5"Arrow Technology"means the Arrow Know-How and the Arrow Patents, collectively.

1.6"Business Day"means any day on which banking institutions in the Commonwealth of Massachusetts, United States are open
for business.

1.7"Change of Control"with respect to a Party means (i) the acquisition (directly or indirectly, whether by merger,
consolidation, purchase and sale, share exchange or otherwise) by any Third Party (other than an Affiliate or any trust or fund created under a profit-sharing or other benefit plan for employees of
such Party) of a beneficial interest in the securities of such Party representing more than fifty percent (50%) of the combined voting power of such Party's then outstanding securities; or
(ii) the transfer, sale or assignment of more than fifty percent (50%) of the assets of such Party to a Third Party other than an Affiliate of such Party; or (iii) any other transfer to
a Third Party of the power to control such Party.

1.8"Commercialization"means any and all activities directed to importing, marketing, promoting, advertising, distributing,
storing, offering for sale, using and selling a Product, including, without limitation, the distribution of promotional samples to targeted prescribers (to the extent applicable), in the Territory,
and conducting Phase IV Studies of Product. When used as a verb, "Commercialize" means to engage in Commercialization.

1.9"Contract Year"means (a) with respect to the first Contract Year, the period beginning on the Effective Date and
ending on December 31, 2008 (the "First Contract Year"), (b) with respect to each subsequent Contract Year other than the last Contract Year, the one (1) year period beginning on
the day following the end of the First Contract Year and each succeeding one (1) year period thereafter, and (c) with respect to the last Contract Year, the period beginning on
January 1 of such last Contract Year and ending on the date as of which this Agreement expires or is terminated (the "Last Contract Year"). Each Contract Year (other than the First Contract
Year or the Last Contract Year) shall be divided into four (4) "Contract Quarters" comprised of successive three (3) month periods. In the First Contract Year, the first Contract Quarter
shall end on the first day following the Effective Date that is the last day of a Contract Quarter, and in the Last Contract Year, the last Contract Quarter shall end upon expiration or termination of
the Agreement.

1.10"Control"or"Controlled"means that a right is owned, licensed, or
otherwise possessed by a Party with the right to license or sublicense.

1.11"Development"means the scientific, medical, technical, and clinical, regulatory and other activities necessary to
obtain Regulatory Approval to Commercialize the Product in the Territory, including, without limitation, technical development, clinical development and the preparation, filing, prosecution and
administration of INDs, and/or NDAs, in accordance with a Development Plan that has been agreed pursuant to the terms and conditions of this Agreement. When used as a verb, "Develop" means to engage
in Development.

1.12"Development Costs"means for all studies or activities performed in accordance with Sepracor's Development Plan for any
Product in the Territory, including the following: (a) all out-of-pocket costs and expenses incurred (i.e.,paid
to Third Parties or accrued therefor) by Sepracor or any of its permitted designees, (b) the costs of internal personnel engaged in the performance of such studies or activities, and
(c) the costs of clinical supplies for such studies or activities, which costs shall include (i) the clinical supply price, (ii) out-of-pocket costs and
expenses incurred in purchasing comparator drug and in packaging comparator drug and/or such Product, as applicable, shipping clinical

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supplies
to centers, or disposal of clinical supplies, and (iii) actual costs of packaging clinical samples and comparator drug, as applicable, if done by a Party.

1.13"Development Plan"means a plan designed by Sepracor to achieve the clinical Development of a specific Product or of a
specific Improvement, as may be applicable, including, without limitation, (i) the budget and nature, number and schedule of Development activities, (ii) a time schedule for the
implementation of the Development activities concerned, (iii) all such other issues as may reasonably have to be addressed under such Development Plan, as it may be amended by Sepracor from
time to time in accordance with this Agreement.

1.14"Effective Date"means the date of the execution of this Agreement by both Parties.

1.15"FDA"means the U.S. Food and Drug Administration and any successor agency thereto.

1.16"First Commercial Sale"shall mean the first sale or other disposition for value of a Product, in a final dosage form
packaged for the ultimate consumer, to an independent Third Party following applicable Regulatory Approval, by Sepracor, its Affiliates or permitted sublicensees.

1.17"Formulation" or "Formulations"mean the Development of stable and acceptable preparations, suspensions, or other
chemical mixtures of ingredient, as well as associated studies and analysis of properties, [**], required to develop INDs for a product, including the Product, all prepared
according to Good Laboratory Practice Standards ("GLP") and other relevant laboratory practice standards.

1.18"GAAP"means the "United States Generally Accepted Accounting Principles" as determined by the US Financial Accounting
Standards Board (FASB).

1.19"Gross Sales"means, with respect to any applicable period and any Product, the gross amounts invoiced by Sepracor or an
Affiliate to unrelated Third Parties for sales of such Product.

1.20"Improvement"means any Know-How, including, without limitation, findings, discoveries, inventions,
additions, modifications, formulations or changes, whether patentable or not, made and Controlled by either Party during the Term insofar as such Improvement relates to a Product.

1.21"IND"means an investigational new drug application submitted to the FDA in respect of a new drug.

1.22"Know-How"means all scientific, medical, technical, clinical, regulatory, marketing and other information
relating to a Product that is Controlled by a Party hereto, and that is in existence as of the Effective Date or comes into existence during the Term.

1.23"NDA"means (a) a new drug application submitted to the FDA pursuant to 21 U.S.C. Section 355(b)(1), or
any successor application or procedure and (b) all supplements and amendments, including supplemental new drug applications that may be filed with respect to the foregoing (each, a "SNDA").

1.24"Net Sales"means, with respect to any period, the Gross Sales of the Product, less items recognized under GAAP,
including, but not limited to, the following deductions to the extent included in the gross invoiced sales price for the Product or otherwise directly paid or incurred by Sepracor, its permitted
Affiliates and its permitted sublicensees with respect to the sale of the Product and not otherwise recoverable by the paying party: (a) trade, quantity, or cash discounts, chargebacks,
returns, allowances or rebates and actually allowed, given or accrued in the ordinary course of trading (including, but not limited to, cash, governmental and managed care rebates, hospital or other
buying group chargebacks); (b) adjustments, rejections, recalls and returns to the extent made in the ordinary course of trading, to the extent the customer has been credited the original sales
price or a portion thereof; (c) sales, excise, turnover, inventory, value-added, customs duties and similar taxes and governmental charges assessed on the sale of the Product; and
(d) the portion of any management fees

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paid
during the relevant time period to group purchasing organizations that relate specifically to the sale of such Product to such organizations, (e) any royalties payable by Sepracor to Third
Parties in order to enable Sepracor to commercialize the Product in the Territory, (f) service fees paid or allowances conceded to wholesalers pursuant to distribution services agreements or
similar contracts by and between Sepracor and wholesalers for logistic and other services such as, without limitation, stock-keeping.

Sales,
transfers or dispositions of the Product for charitable, promotional (including samples), pre-clinical, clinical, or regulatory purposes with respect to which no
consideration is received by Sepracor or its Affiliates, shall be excluded from Net Sales, as shall sales or transfers of the Product among a Party and its Affiliates.

Upon
any sale or other disposal of any Product for any consideration other than an exclusively monetary consideration onbona fidearm's
length terms then, for the purposes of calculating the Net Sales under this Agreement, such Product shall be deemed to be sold exclusively for money at the fair market price generally achieved for
such Product in the Territory.

Any
discounts or allowances made by Sepracor outside the ordinary course of trading shall not be accounted for in determining Sepracor's Net Sales. For clarity and without limitation,
this shall apply to direct and indirect discounts and allowances to customers regarding the Product associated with product bundling and selling the Product in combination with other Sepracor products
(so called "package deals"). Upon any sale or other disposal of any Product for any consideration outside the ordinary course of trading, for the purposes of calculating the Net Sales under this
Agreement, the Product shall be deemed to be sold exclusively for money at the fair market price generally achieved inbona fidearm's length trading
for such Product in the Territory when such Product is sold alone, and not with or in combination with products other than the Product.

1.25"Patents"shall mean all existing patents and patent applications and all patent applications hereafter filed,
including, without limitation, any continuations, continuations-in-part, divisions, reissues, reexaminations, utility models, provisionals or substitute applications, any
patent issued with respect to any such patent applications, any reissue, reexamination, renewal, amendment or extension (including any supplementary protection certificate and any patent term
extension) of any such patent, and any confirmation patent or registration patent or patent of addition based on any such patent, and all foreign counterparts of any of the foregoing.

1.26"Person"means any individual, corporation, partnership, association, joint-stock company, trust, unincorporated
organization or government or political subdivision thereof.

1.27"Product"means Arrow's levalbuterol/ipratropium combination inhalation solution product in current and all future
formulations and delivery modes, any Additional Product and any Improvement to the foregoing.

1.28"Regulatory Approval"shall mean that all approvals, price approvals or approvals for reimbursements, product and/or
establishment licenses, registrations, permits, or authorizations of any federal, state or local regulatory agency, department, bureau or other governmental entity or Regulatory Authority, necessary
for the manufacture, packaging, distribution, use, storage, importation, export, transport, marketing and sale of the Product for therapeutic use in humans in a country of the Territory have been
obtained.

1.29"Regulatory Authority"shall mean any national, supra-national, regional, state or local regulatory agency, department,
bureau or other governmental entity in the Territory responsible for issuing any technical, medical and scientific licenses, registrations, authorizations and/or approvals of the Product including any
marketing authorizations based upon such approvals and pricing, third party reimbursement or labeling approvals that are necessary for the manufacture, distribution, use, storage, importation, export,
transport and sale of a Product in a country of the Territory.

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1.30"Territory"shall mean the world.

1.31"Third Party"shall mean any Person other than the Parties and their Affiliates.

1.32"Trademark"shall mean any trademark used in connection with the Commercialization of a Product.

Article 2    Grant of Rights

2.1Exclusive License Grant.During the Term, Arrow grants to Sepracor the exclusive right and license under the
Arrow Patents and Arrow Know-How to Develop, have Developed, market, have marketed, use, have used, Commercialize, have Commercialized, distribute, have distributed, offer for sale, sell
and have sold the Product in the Territory and to package, distribute, sell, market and promote the Product in and throughout the Territory, including the right to grant sub-licenses,
subject to all of the terms and conditions of this Agreement. Such right and license in the Territory shall be exclusive even as to Arrow, except to the extent necessary to enable Arrow to perform any
obligations or activities that Arrow is required or permitted to perform under this Agreement. The license is subject to Arrow's right of manufacture in Section 10.1.

2.2Further Assurances.Arrow hereby agrees that it will do all such acts and execute
all such further documents, conveyances, deeds, assignments, transfers, licenses and the like, and will cause the doing of all such acts on its own behalf and by each of its Affiliates and will cause
the execution of all such further documents on its own behalf and by each of its Affiliates as are within its power as Sepracor may from time to time reasonably request be done and/or executed in
order to consummate the transactions contemplated under this Agreement, as may be necessary or desirable to effect the purposes of this Agreement, or as may be appropriate to more effectively carry
out and vest in Sepracor the grant of rights and licenses intended to be made under this Agreement, all at the sole cost and expense of Arrow.

Article 3    Development

3.1Development of the Product.Sepracor shall be responsible for all aspects of the
Development of the Product. Arrow's obligation with respect to Development of the Product shall be limited to making reasonable efforts upon Sepracor's request to provide and facilitate the transfer
of Arrow Technology, including data, and enabling technology with respect to the Product.

3.2Access to Data and Information.Sepracor shall own and have the right to access free
of charge all information and data generated in all Development activities and all pre-clinical, clinical and marketing studies with respect to the Product.

3.3Cooperation regarding Regulatory Approvals.The Parties shall consult and cooperate
in the preparation of each submission for Regulatory Approvals for the Product in the Territory and in obtaining and maintaining Regulatory Approvals within the Territory, provided however, that,
Sepracor shall be solely responsible for interactions with Regulatory Authorities throughout the Territory.

3.4Clinical Trial Data.All data (including all pre-clinical, clinical
and/or marketing data) developed by either or both of the Parties during the Term and relating to a Product shall be and remain the property of Sepracor.

3.5Clinical Studies.Sepracor shall have the exclusive right to conduct any clinical
trials or studies, prior to or after relevant Regulatory Approval, relating to the Product in the Territory.

3.6Funding of Product Development.Sepracor shall be responsible for all Development
Costs. Further Sepracor shall [**] Arrow in connection with [**] specified in Section [**]. Such [**]
shall be [**], which shall be delivered by Arrow within [**], in which case such [**].

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Article 4    Commercialization

4.1Commercialization in General.Sepracor shall have the exclusive right, even as to
Arrow, to Commercialize the Product in the Territory. Sepracor shall use its commercially reasonable efforts to Commercialize the Product as soon as commercially reasonable following receipt of
Regulatory Approval.

4.2Compliance and Assistance.Arrow shall provide Sepracor with reasonable assistance,
in a timely manner, to support Sepracor's requirements in complying with Regulatory Authorities' requests or orders, including voluntary or involuntary recalls of a Product, in the Territory insofar
as the Regulatory Authority request or order reasonably relates to work performed by Arrow. The foregoing shall occur [**].

4.3Promotional Materials.Arrow shall provide Sepracor with reasonable assistance, in a
timely manner, to support Sepracor's activities in Commercializing the Product in the Territory. The foregoing shall occur [**].

Article 5    Governance and Oversight

5.1Steering Committee.The Parties shall establish a joint steering committee (the
"SC") consisting of representatives of senior management from each Party, each such representative having the authority to act on behalf of the Party such individual represents, the exact number of
which shall be as the Parties may agree, from time to time. Initially, the SC shall consist of five (5) individuals, three (3) of whom shall be nominated by Sepracor, and two
(2) of whom shall be nominated by Arrow. Any member of the SC may designate a substitute to attend and perform the functions of that member at any meeting of the SC. Each Party may, with the
consent of the other Party, such consent not to be unreasonably withheld or delayed, invite non-member, non-voting representatives of such Party to attend meetings of the SC.
Sepracor shall designate the chairperson and the secretary of the SC. The SC shall perform the following responsibilities:



5.2Meetings.All SC meetings shall be as often as the members may determine, but in any
event SC meetings shall occur not less than four times per calendar year. Such meetings may be held in person, or any means of telecommunications or video conference, as the members deem necessary or
appropriate; provided, however, that at least one SC meeting per year shall be held in person and the location of such in person meeting shall alternate between Sepracor's and Arrow's offices.

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5.3Decision-making of Steering Committee.



5.4Minutes.Minutes for each of the SC meetings shall be drafted by the secretary of
the meeting and sent to the chairperson for comment promptly after each such meeting (but in no event more than thirty (30) days). All actions noted in the minutes are to be reviewed and
approved at subsequent meetings of the SC; provided, that if the Parties cannot agree as to the content of the minutes, such minutes will be finalized to reflect such disagreement.

5.5Expenses.Each Party shall bear all its own costs, including expenses incurred by
the members nominated by it in connection with their activities as members of the SC.

Article 6    Regulatory Affairs

6.1Title to and Ownership of Regulatory Approvals.Sepracor or its designee shall be
the owner of all Regulatory Approvals for the Product in the Territory. Arrow agrees to have transferred any Regulatory Approvals relating to any Product owned by Arrow or its Affiliates to Sepracor
or its designee.

6.2Responsibility for Regulatory Approval.In accordance with the terms and subject to
the conditions herein specified, Sepracor shall be solely responsible for obtaining all Regulatory Approvals for the Product in the Territory. All expenses incurred by Sepracor in obtaining any such
Regulatory Approvals shall be borne by Sepracor. Sepracor shall use its commercially reasonable efforts to obtain Regulatory Approvals in a timely and expedient manner.

6.3Maintaining Regulatory Approval.Sepracor shall maintain each Regulatory Approval
for a Product in the Territory in its own name. All expenses incurred by Sepracor in maintaining such Regulatory Approvals shall be borne by Sepracor.

6.4Arrow Cooperation.Arrow shall use commercially reasonable efforts upon timely
request of Sepracor: (i) to assist Sepracor in responding to any queries from a Regulatory Authority, (ii) to provide Sepracor with all necessary documents, data and information which
Arrow has in its possession or control that will assist Sepracor in preparing and maintaining the Regulatory Approvals in the Territory, and (iii) to provide, at least
[**] before a response is due to any Regulatory Authority, all the

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necessary
documents, data, and information that Arrow has in its possession or control that will assist Sepracor in preparing for such response.

6.5Inspections, Inquiries and Complaints.



6.6Coordination.The Parties shall establish procedures to ensure that the Parties
exchange on a timely basis all necessary information to enable Sepracor and Arrow to comply with all regulatory obligations relating to a Product on a global basis, including without limitation filing
updates, pharmacovigilance filings and investigator notifications.

Article 7    Intellectual Property

7.1Ownership of Intellectual Property.Sepracor shall have and retain sole and
exclusive right, title and interest in and to all inventions, discoveries, writings, trade secrets, know-how, methods, practices, procedures, engineering information, designs, devices,
improvements, manufacturing information and other technology, whether or not patentable or copyrightable, and any patent applications, patents, or copyrights based thereon ("Inventions") that are
made, discovered, conceived, reduced to practice or generated by Sepracor (or its employees or representatives) or jointly by Sepracor and Arrow (or their employees or representatives) that relate
directly to a Product or the active ingredients in a Product. Arrow shall have and retain sole an exclusive right, title and interest in and to all Inventions made solely by Arrow (or its employees or
representatives) that relate directly to a Product or the active ingredients in the Product. With respect to any Inventions not directly relating to a Product or the active ingredients in a Product,
each Party shall own all right, title and interest in and to all such Inventions made, discovered, conceived, reduced to practice or generated solely by such Party (or its employees or
representatives), and the Parties shall jointly own the right, title and interest in and to all such Inventions made, discovered, conceived, reduced to practice or generated jointly by the Parties (or
their employees or representatives). The Parties agree to cooperate in the filing of patent applications upon such jointly-owned inventions. With respect to Inventions made by Arrow that directly
relate to a Product or the active ingredients in a Product, Arrow shall grant Sepracor a fully-paid, perpetual, exclusive license in the Territory to make, use, offer to sell, or sell such
Inventions in relation to the Product, except that such license shall not be considered exclusive as and to the extent necessary to enable Arrow to perform any obligations or activities that Arrow is
required or permitted to perform under this Agreement in relation to the Product. With respect to Inventions made by Arrow that directly relate to the Product or the active ingredients in the Product,
Arrow shall retain the right, title and interest to practice such Inventions other than in relation to the Product.

7.2Maintenance of Patents.Sepracor shall be authorized to, and responsible for,
[**], maintaining all Patents covering a Product, whether such Patents are Arrow Patents or Sepracor Patents. Should Sepracor elect not to maintain any Arrow Patent in the
Territory, then Sepracor shall provide Arrow with written notice in sufficient time (and in no event less than [**] before any statutory bar date) to permit Arrow to maintain
such Patent.

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7.3Patent Prosecution.Sepracor, [**], shall have responsibility for filing,
prosecution and maintenance of all Patents covering a Product in the Territory. Arrow shall and hereby does give Sepracor the right [**], to prepare, file, prosecute and
maintain all such Patents in Arrow's name, and Arrow shall offer reasonable assistance to Sepracor in connection with such preparation, filing, prosecution or maintenance [**].
Arrow shall disclose to Sepracor the complete texts of all Patents filed by Arrow in the Territory that relate to the Product as well as all information received concerning the institution or possible
institution of any interference, opposition, re-examination, reissue, revocation, nullification or any official proceeding involving a Patent anywhere in the Territory. Arrow shall
cooperate with Sepracor in the prosecution of all Patents covering the Product.

7.4Notification of Patent Litigation.In the event of the institution of any suit by a Third Party against
Sepracor or Arrow alleging patent infringement involving the manufacture, use, sale, license or marketing of a Product anywhere in the Territory, the Party sued shall promptly notify the other Party
in writing.

7.5Patent Infringement.In the event that Sepracor or Arrow becomes aware of actual or threatened infringement
of an Arrow Patent licensed pursuant to this Agreement anywhere in the Territory, that Party shall promptly notify the other Party in writing. However, in no event shall Arrow notify Sepracor later
than [**] before any deadline for filing suit which, if missed, would prejudice Sepracor's exclusive rights under this Agreement. Sepracor shall have the sole right, but not
the obligation, to investigate and/or bring an infringement action against any Third Party. Sepracor shall have full control over the conduct of such investigations and litigation, including the
settlement thereof. [**]. Arrow shall reasonably assist Sepracor and cooperate in any such investigation and litigation at Sepracor's request and [**],
unless Arrow has otherwise agreed to participate in the litigation. Should Sepracor choose not to bring an infringement action regarding a particular Arrow Patent, Arrow shall then have the right,
exercisable at its sole discretion, to bring such an action. Any such infringement action shall be at
[**], and it shall be solely entitled to the entire proceeds, if any, of such litigation.

7.6Title to Trademarks and Domains.The ownership and all goodwill from the use of any Trademark shall vest in
and inure to the benefit of Sepracor. The ownership and all goodwill from the use of any domain name incorporating in whole or part a Trademark, a common or foreign misspelling of a Trademark,
or a typographical misspelling of a Trademark, shall vest in and inure to the benefit of Sepracor.

Article 8    Consideration

8.1Consideration.As consideration for the transfer of Know-How and the grants of rights and
licenses to the Arrow Technology to Sepracor in this Agreement, following execution of this Agreement Sepracor shall make payments to Arrow, which shall become due and payable as set forth below (each
an "Execution Payment"):



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8.2Milestone Payments.

(a)Product Milestone Payments.As additional consideration for the grants of rights and licenses under the
Arrow Technology to Sepracor in this Agreement and to further incentivize and secure Arrow's efforts to Develop successfully the Product, Sepracor shall pay a one-time milestone payment to
Arrow in the amount of $20,000,000 (the "Product Milestone Payment") upon the FDA's issuance of Regulatory Approval for the Product in the United States (the "Product Milestone"). Such payment shall
be made within [**] of the achievement or occurrence of such milestone event.

(b)   The
Product Milestone in subsection (a) of this Section 8.2 shall be deemed to have been achieved in the event that, and at such time as Sepracor has
abandoned or indefinitely delayed the further Development of the Product, such that such milestone is not reasonably likely to be achieved.

8.3Royalty Payments.As additional consideration, Sepracor shall pay the following Royalty Payments to Arrow in
the amounts set forth below (the "Royalty Payment").



8.4Payments.Sepracor shall pay all amounts due under this Agreement by bank wire transfer in immediately
available funds to such bank as Arrow may direct from time to time. Any amount owing to Arrow under this Agreement that is not paid within [**] of Sepracor's receipt of notice
that such amount is overdue shall bear interest at the [**] as published by Citibank, NA that is applicable to the date on which the payment was first due.

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Article 9    Reports and Audit Rights.

9.1Quarterly Reports.Within [**] following the end of each Contract Quarter for which
Sepracor shall owe a Royalty Payment, Sepracor shall render a written report to Arrow setting forth the following information and calculations for such Contract Quarter, segregated by Sepracor, each
Affiliate and each sublicensee: (a) each component making up Net Sales for the Contract Quarter and the calculation of Net Sales; (b) the actual number of units of Product sold (net of
returns) for the Contract Quarter; and (c) the calculation of royalties payable to Arrow pursuant to Section 8.3.

9.2Records.Sepracor (or its designee) shall record all sales of the Product anywhere in the Territory and
shall keep full and true books of account and other records in accordance with the requirements of GAAP so that details of sales for the Product, the calculation of Net Sales and Sepracor's payment
obligations in respect thereof may be properly ascertained.

9.3Audit Right of Each Party.Each of Sepracor and Arrow shall keep complete and accurate records of their
respective reimbursable expenses, Net Sales and other financial measures resulting in a payment to the other Party under this Agreement. Each Party shall have the right, at such Party's expense,
through a certified public accountant or like person reasonably acceptable to the other Party, upon execution of a reasonable confidentiality agreement, to examine such records during regular business
hours upon reasonable notice during the life of this Agreement and for 1 calendar year after its termination; provided, however, that (i) such examination shall not take place more often than
once a Contract Year and shall not cover such records for more than the preceding Contract Year, and (ii) such accountant shall report to such Party only as to the accuracy of the reports or
payments provided or made by the other Party under this Agreement. Any adjustments required as a result of overpayments or underpayments identified through a Party's exercise of audit rights, and any
other adjustments that
may be required from time to time in order to correct overpayments or underpayments under this Agreement, shall be made by subtracting or adding, as appropriate, amounts from or to the next payment
required to be made to the other Party under this Agreement, or in the event that no further payments are required to the other Party under this Agreement, within ten (10) days following such
identification of overpayments or underpayments. The Party requesting the audit shall bear the full cost of the audit unless such audit correctly discloses that the discrepancy for the Contract Year
differs by more than [**] percent ([**]%) from the amount the accountant determines is correct, in such case the owing Party shall pay the
reasonable fees and expenses charged by the accountant. In the event that a Party disputes an invoice or other payment obligation under this Agreement, such Party shall timely pay the undisputed
amount of the invoice or other payment obligation, and the Parties shall resolve such dispute in accordance with Article 15.

Article 10    Manufacturing and Supply

10.1Manufacturing Rights.Arrow shall have the exclusive right but not the obligation to manufacture or arrange
for the manufacture of the Product for purchase by Sepracor at [**]. In the event that Arrow elects not to manufacture or arrange for the manufacture of the Product for
purchase by Sepracor, then Sepracor shall have the right to manufacture or arrange for the manufacture of the Product.

Article 11    Representations, Warranties, Covenants and Indemnification

11.1Representations of Arrow.Arrow represents and warrants that (i) it owns the entire right, title and
interest in the Arrow Patents and Arrow Know-How licensed by Sepracor under this Agreement, or otherwise has the right to grant the license rights under this Agreement, (ii) it has
the right to enter into this Agreement, (iii) that there is nothing in any Third Party agreement Arrow has entered into that in any way limits Arrow's ability to perform all of its obligations
under this Agreement, (iv) it will not encumber, with liens, mortgages, security interests or otherwise, the Arrow

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Patents
or Arrow Know-How, (v) it has disclosed to Sepracor the complete texts of all Patents as of the Effective Date as well as all information received by Arrow as of the
Effective Date concerning the institution or possible institution of any interference, opposition, reexamination, reissue, revocation, nullification or any official proceeding involving an Arrow
Patent anywhere in the Territory, (vi) it has received no notice of infringement or misappropriation of any alleged rights asserted by any Third Party in relation to any technology used in
connection with the manufacture, use or sale of a Product, and it is not aware of any patent, know-how, trade secret, or other right of any Third Party which could reasonably be expected
to materially adversely affect its ability to carry out its responsibilities under this Agreement or the manufacture, use or sale of a Product or the rights granted to Sepracor under this Agreement,
(vii) it shall be in compliance with all laws and regulations applicable to the subject matter of this Agreement, including, without limitation, the Federal Food, Drug and Cosmetic Act of the
United States, (viii) to the best of its knowledge, the Arrow Patents are valid and enforceable; (ix) it has disclosed to Sepracor all litigations, oppositions, interferences or other
proceedings involving Arrow Patents and copies of all motions and pleadings filed in same, (xi) it has disclosed to Sepracor all litigations, oppositions, interferences, or other proceedings
involving Arrow and a patent or patent application having one or more claims directed to any compound or formulation comprising ipratropium; and (xi) to the best of its knowledge, there are no
patents or patent applications that, if issued with claims as currently pending, would be infringed by the making, selling, or using of a Product.

11.2Representations of Sepracor.Sepracor represents and warrants that (i) it has the right to enter
into this Agreement, (ii) there is nothing in any Third Party agreement Sepracor has entered into that in any way will limit Sepracor's ability to perform all of the obligations undertaken by
Sepracor under this Agreement, and (iii) Sepracor shall be in compliance with all laws and regulations applicable to the subject matter of this Agreement, including, without limitation, the
Federal Food, Drug and Cosmetic Act of the United States.

11.3Indemnification by Arrow.Arrow shall defend, indemnify and hold harmless Sepracor and its Affiliates and
their officers, directors, shareholders, employees, agents, representatives, successors and assigns from and against all claims, complaints, or lawsuits for damages (collectively referred to as
"Claims") arising out of (i) any negligent act or omission, or willful wrongdoing by Arrow in the performance of this Agreement, (ii) the failure by Arrow to comply with any FDA or other
governmental requirement, or (iii) any breach of any representation or warranty of Arrow, except to the extent caused by the negligent act or omission or willful wrongdoing of Sepracor.

11.4Indemnification by Sepracor.Sepracor shall defend, indemnify and hold harmless Arrow and its Affiliates
and their officers, directors, shareholders, employees, agents, representatives, successors and
assigns from and against all Claims arising out of (i) any negligent act or omission, or willful wrongdoing by Sepracor in the performance of this Agreement, (ii) the failure by Sepracor
to comply with any FDA or other governmental requirement, or (iii) any breach of any representation or warranty of Sepracor, except to the extent caused by the negligent act or omission or
willful wrongdoing of Arrow.

Article 12    Confidentiality, Publications

12.1Confidential Information.For the purposes of this Agreement, the term "Confidential Information" shall
mean any and all information of a Party hereto that may be exchanged between the Parties at any time and from time to time before and during the Term in relation to the subject matter covered by this
Agreement. Confidential Information as defined herein shall, without limitation, be deemed to include all notes, analyses, compilations, studies, interpretations or other documents, whether in
tangible form or on electronic or other data storage media, prepared by the receiving Party and its Representatives as defined hereinafter, which contain, reflect or are based on, in whole or in part,
Confidential Information furnished to the receiving Party or its Representatives by the disclosing

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Party
or its Representatives hereunder. Results pertaining to the Development of compound or Product shall be deemed to constitute Confidential Information disclosed by Arrow.

12.2Duties of Confidentiality and Non-Use.During the Term, and for a period of
[**] thereafter, each Party hereto will maintain in confidence all Confidential Information disclosed to it as a "receiving" Party by the other Party as a "disclosing" Party.
The receiving Party shall not use, disclose or grant use of such other Party's Confidential Information except as permitted under this Agreement. To the extent that disclosure is authorized by this
Agreement, the receiving Party shall obtain prior written agreement from its employees, agents, consultants, Affiliates, subcontractors and sublicensees (collectively, the "Representatives") to whom
disclosure is to be made to hold in confidence and not make use of such information for any purpose other than those permitted by this Agreement, unless such Representatives are already bound by law
or contract to obligations of confidentiality and non-use no less stringent than those assumed by the receiving Party hereunder. Each receiving Party shall use at least the same standard
of care as it uses to protect its own Confidential Information to ensure that such Representatives do not disclose or make any unauthorized use of such Confidential Information of the disclosing
Party. Each receiving Party shall promptly notify the other disclosing Party upon discovery of any unauthorized use or disclosure of Confidential Information by the receiving Party or any of its
Representatives. Confidential Information shall not include any information which:



12.3Compulsory Disclosure.If a receiving Party or any of a receiving Party's Representatives are requested or
become legally compelled (by oral questions, interrogatories, requests for information or documents, subpoena, civil or criminal investigative demand, or similar process) or is required by a
regulatory body to make any disclosure that is prohibited or otherwise constrained pursuant to this Article 12, the receiving Party will, and will cause such of its Representatives to, as the
case may be, provide the disclosing Party with prompt written notice of such request so that the disclosing Party may seek an appropriate protective order or other appropriate remedy. Subject to the
foregoing, the receiving Party may, and may cause such Representatives to, furnish that portion (and only that portion) of the Confidential Information that, in the written opinion of its counsel
reasonably acceptable to the disclosing Party, the receiving Party is legally compelled or is otherwise required to disclose or else stand liable for contempt or suffer other material censure or
material penalty; provided, however, that the receiving Party must, and must cause its Representatives to, use reasonable efforts to obtain reliable assurance that confidential treatment will be
accorded any Confidential Information so disclosed.

12.4Terms Confidential.The Parties agree that the terms of this Agreement shall be considered the Confidential
Information of both Parties and shall not be disclosed by either Party, except (i) as required by applicable law or (ii) to a Third Party with whom Arrow or Sepracor, as applicable, has
entered into or proposes to enter into a business relationship related to the subject matter hereof or (iii) to a Third Party with whom Arrow or Sepracor is in due diligence relating to a
merger or an acquisition or a financing, and provided that such Third Parties are subject to appropriate confidentiality agreements providing for obligations of confidentiality and non-use
at least as stringent as those pursuant to this Article 12.

12.5Permitted Disclosure.Each Party and its Representatives may disclose Confidential Information to the
extent such disclosure is reasonably necessary for the purpose of the implementation of this Agreement, including without limitation, for purposes of the filing or prosecuting of patent

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applications,
prosecuting or defending litigation, or complying with any applicable statute or governmental regulation.

12.6Public Announcements.Neither Party shall originate any publicity, news release or public announcements
relating to this Agreement (including, without limitation, its existence, its subject matter, the Parties' performance, any amendment hereto or performances hereunder), whether to the
public or press, stockholders or otherwise, without the prior written consent of the other Party, save only such announcements that are required by law or the rules of any relevant stock exchange to
be made or that are otherwise agreed to by the Parties. If a Party decides to make an announcement, whether required by law or otherwise, it shall give the other Party reasonable notice of the text of
the announcement so that the other Party shall have an opportunity to comment upon the announcement. To the extent that the receiving Party reasonably requests the deletion of any information in any
such announcement, the disclosing Party shall delete such information unless, in the opinion of the disclosing Party's legal counsel, such information is required by law or the rules of any relevant
stock exchange to be disclosed. The timing and content of the initial press release relating to this Agreement, including its existence, the subject matter to which it relates and the transactions
contemplated herein will, except as otherwise required by law or any stock exchange rules, be determined jointly by the Parties.

12.7Publications.Sepracor may use Confidential Information to the extent such disclosure is reasonably
necessary for the purpose of preparing all written abstracts, articles, letters, reviews and the like intended for publication in scientific, medical, pharmaceutical industry and healthcare-related
journals, periodicals, books, websites and the like or presentations at symposia or the like ("Publications"). Arrow shall not prepare any such Publications relating to a Product without the prior
written consent of Sepracor.

Article 13    Competition

13.1Non-Compete Obligations.During the Term, neither Arrow nor its Affiliates shall, either alone
or in collaboration with a Third Party, engage in any activity directed to the Development or Commercialization of Competing Products in the Territory. For the purposes of this Section 13.1,
the term "Competing Products" means [**], and provided that following a Change of Control of Arrow, "Competing Products" shall mean [**].

13.2[**] Exempt From Non-Compete Obligations.Nothing in this section or
this Agreement shall be construed to in any way restrict or encumber Arrow's ability to Develop and Commercialize a [**].

Article 14    Term and Termination

14.1Term.This Agreement shall become effective on the Effective Date and shall continue until the later of, on
a Product by Product basis, (i) the last to expire of any Patent with a claim covering a Product or (ii) 12 years after the First Commercial Sale in the Territory on a country by
country basis (the "Term").

14.2Early Termination.Each Party shall have the right to terminate this Agreement in its entirety before the
end of the Term:



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14.3Effect of Termination.

(a)Accrued Obligations.The termination of this Agreement, in whole or part, for any reason shall not release
either Party from any liability which, at the time of such termination, has already accrued to such Party or which is attributable to a period prior to such termination, nor will any termination of
this Agreement preclude either Party from pursuing all rights and remedies it may have under this Agreement, at law or in equity, with respect to breach of this Agreement.

(b)Rights Become Non-Exclusive.Notwithstanding any other provision of this Agreement, following
the effective date of termination of this Agreement for any reason, provided however that Sepracor has paid all amounts due under this Agreement, Sepracor's, its Affiliates' and its sublicensees'
rights and licenses with respect to the Arrow Technology incorporated into the Product in the Territory shall not terminate but shall continue on a non-exclusive basis, and, without
limiting the foregoing, Sepracor shall have the right to engage one or more other distributors and/or licensees of the Product in all or part of the Territory.

14.4Continuing Payment Obligations.Any Product sold by Sepracor, its Affiliates or sublicensees, in the
Territory after the date of termination of this Agreement shall be subject to the payment of any continuing Royalty Payment obligations under Section 8.3 above. Further, any abandonment or
indefinite delay of the Development of the Product by Sepracor prior to [**], shall not impair Arrow's right to elect to receive [**].

14.5Survival.Upon the termination of this Agreement, all rights and obligations of the Parties under this
Agreement shall terminate, except those described in the following Articles and Sections: Article 9, Article 12, Article 15, Article 16, and Article 17 and
Sections 3.2, 3.4, 6.1, 7.1, 7.6, 11.3, 11.4, 13.1, 14.3, 14.4, and 14.5. Termination shall not affect any rights to receive payments that have accrued under Article 8 at the time of
termination.

Article 15    Governing Law; Dispute Resolution

15.1Dispute Resolution Process.The Parties recognize that disputes as to certain matters may from time to time
arise during the Term of this Agreement that relate to a Party's rights and/or obligations hereunder. If the Parties cannot resolve any such dispute within [**] days after
written notice of a dispute from one Party to another, any Party may, by written notice to the other Party, have

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such
dispute referred to their senior executives. The senior executives shall negotiate in good faith to resolve the dispute within [**]. During such period of negotiations,
any applicable time periods under this Agreement shall be tolled. If the senior executives are unable to resolve the dispute within such time period, either Party may pursue any remedy available to
such Party at law or in equity, subject to the terms and conditions of this Agreement and the other agreements expressly contemplated hereunder.

15.2Arbitration.Any controversy or claim arising out of, or relating to this Agreement, or the breach thereof,
shall be determined by Arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may
be entered in any court having jurisdiction thereof. The place of arbitration shall be New York, New York, USA. This Agreement shall be governed by and interpreted in accordance with the laws of the
State of New York. The Parties acknowledge that this agreement evidences a transaction involving interstate commerce. The United States Arbitration Act (Title 9, U.S. Code, as amended) shall govern
the interpretation, enforcement, and proceedings pursuant to the arbitration clause in this Agreement. Within 15 days after the commencement of arbitration, each Party shall select one person
to act as arbitrator and the two selected shall select a third arbitrator within 10 days of their appointment. If the arbitrators selected by the Parties are unable or fail to agree upon the
third arbitrator, the third arbitrator shall be selected by the American Arbitration Association. Except as may be required by law, neither a Party nor an arbitrator may disclose the existence,
content, or results of any arbitration arising hereunder without the prior written consent of both Parties. The language of the arbitration shall be English. Each Party shall bear its own costs and
expenses and an equal share of the arbitrators' and administrative fees of arbitration. The arbitrators will have no authority to award punitive, consequential or other damages not measured by the
prevailing Party's actual damages, except as may be required by statute.

Article 16    Force Majeure

16.1Force Majeure Affecting Either Party.Notwithstanding any other provision of this Agreement, Arrow and
Sepracor shall each be excused for any delay or default in performing any of their respective obligations hereunder if such delay or default is caused by conditions beyond its reasonable control
including, but not limited to, acts of God, government restrictions (including import and export restrictions), wars, insurrections, terrorism, labor disturbances, shortages of equipment, fuel or
labor, destruction of facilities or materials by fire, earthquake, storm or other casualty, any law, rule, order,
decision, decree, judgment or injunction of any court, governmental officer or regulatory body, epidemic, or failure of public utilities or common carrier. When such circumstances arise, the Parties
shall discuss what, if any modification of the terms of this Agreement may be required in order to arrive at an equitable solution. The Party affected by a force majeure event shall notify the other
Party without undue delay in writing of any such force majeure event and the underlying reasons for the delay or default. The Parties shall then reasonably cooperate in good faith so as to seek a
resolution of the delay or failure to perform and to reasonably remove the force majeure event, the costs and expenses of so removing any such force majeure event to be borne by the Party so affected
unless otherwise agreed in writing, and such Party shall use all reasonable diligence to avoid, remove or mitigate any such causes of non-performance. The Party whose performance is
affected by a force majeure event shall continue performance with reasonable dispatch wherever such causes have been removed.

Article 17    Miscellaneous

17.1Entire Agreement.This Agreement constitutes the entire understanding of the Parties with respect to the
subject matter hereof and supersedes and replaces all prior understandings between the Parties hereto including, without limitation, the Confidentiality Agreement.

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17.2Prevailing Agreement.In the event of any conflict between the provisions of this Agreement and a schedule
attached hereto, the provisions of this Agreement shall prevail, unless the relevant clause of the relevant schedule expressly provides that it shall prevail, thereby referencing the clause of this
Agreement over which the applicable schedule is intended to prevail.

17.3Amendments.Modifications and amendments to this Agreement shall be effective only if made in writing and
signed by both Parties. Evidence for the contents of this Agreement may only be produced in the form of written documents duly executed by each of the Parties hereto.

17.4Cooperation.Subject to confidentiality restrictions that may be reasonably requested, the Parties shall
use their respective commercially reasonable efforts to:



17.5Notices.Unless otherwise provided for in this Agreement, any notice or request required or permitted to be
given under or in connection with this Agreement or the subject matter hereof, shall be given in the English language in writing by prepaid registered or first-class airmail, by reputable
same-day or overnight courier, or facsimile to the recipient at its address as set forth hereunder or to such other address or addressee as may have therefor been furnished in writing by
the recipient to the sending Party in accordance with this clause provided, however, that any notice of termination shall be given reputable same-day or overnight courier. Any such
aforementioned notice or request shall be

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deemed
to be effective upon receipt by the Party to which it is addressed. Any notice to be sent by a Party pursuant to this Agreement shall be addressed:

in
the case of a written notice to Arrow addressed to it at:



in
the case of a written notice to Sepracor addressed to it at:



Any
change of these addresses shall be promptly communicated in writing to the other Party.

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17.6Waiver and Estoppel.Failure of either Party to insist upon a strict and punctual performance of any of the
provisions hereof shall not constitute a waiver nor an estoppel against asserting the right to require such performance, nor shall a waiver or estoppel in one instance constitute a waiver or estoppel
with respect to a later breach, whether of similar nature or otherwise. The observance of any term of this Agreement may be waived (either generally or in a particular instance and either
retroactively or prospectively) by the Party entitled to enforce such term, but any such waiver shall be effective only if in writing signed by the Party against whom such waiver is to be asserted.

17.7Severability.To the extent any provision or term set forth herein is or becomes unenforceable by operation
of law, such unenforceability shall not affect the remaining provisions of this Agreement. The Parties agree to renegotiate in good faith any provision or term held to be unenforceable and to be bound
by the mutually agreed substitute provision.

17.8No Agency.Nothing herein contained shall be deemed to create an agency, joint venture, amalgamation,
partnership or similar relationship between Arrow and Sepracor, and this Agreement shall not be deemed a partnership agreement. Notwithstanding any of the provisions of this Agreement, neither Party
shall at any time enter into, incur, or hold itself out to Third Parties as having authority to enter into or incur, on behalf of the other Party, any commitment, expense, or liability whatsoever, and
all contracts, expenses and liabilities undertaken or incurred by one Party in connection with or relating to the development, manufacture, promotion or sale of Product shall be undertaken, incurred
or paid exclusively by that Party, and not as an agent or representative of the other Party.

17.9Assignment.The terms and provisions of this Agreement shall inure to the benefit of, and be binding upon,
Arrow, Sepracor and their respective successors and permitted assigns. Neither Party shall assign or otherwise transfer this Agreement or its rights and obligations thereunder without the prior
written consent of the other Party, provided that no such consent shall be required in connection with (i) an assignment or transfer to an Affiliate of such Party so long as the assigning or
transferring Party remains fully responsible for the performance of its Affiliate, or (ii) an assignment or transfer upon a Change of Control of the assigning Party.

17.10Headings; Singular and Plural.The heading references herein are for convenience purposes only, do not
constitute a part of this Agreement and shall be deemed not to limit or affect any of the provisions hereof and their interpretation. The singular and plural numbers can be substituted for each other
when the context requires such substitution.

17.11Counterparts.This Agreement may be executed in duplicate, both of which shall be deemed to be originals,
and both of which shall constitute one and the same Agreement. This Agreement may be executed and delivered by telecopier or other electronic means (including PDF format) with the same force and
effect as if the same were a fully executed and delivered manual counterpart.

[Remainder of page intentionally left blank]

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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first above written by their duly authorized representatives.

|                            |  |                         |  |            |  |                 
|--------------------------- |  | ----------------------- |  | ---------- |  | ----------------
|ARROW INTERNATIONAL LIMITED |  | SEPRACOR INC.          
|Name:                       |  | Anna Power              |  | Name:      |  | Adrian Adams    
|Title:                      |  | Chief Operating Officer |  | Title:     |  | President & CEO 
|Signature:                  |  | /s/ Anna Power          |  | Signature: |  | /s/ Adrian Adams
|Name:                       |  | Howard Simson           |  | Name:      |  |                 
|Title:                      |  | Director                |  | Title:     |  |                 
|Signature:                  |  | /s/ Howard Simson       |  | Signature: |  |                 
|                            |  |                         |  |            |  |                 
|Date:                       |  |                         |  | Date:      |  |                 
|                            |  |                         |  |            |  |                 

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Schedule 1.4
(Patents)

[**]

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