Common use of Adjustment for Generic Entry Clause in Contracts

Adjustment for Generic Entry. If at any time FibroGen’s net margin percentage on any Product supplied to AstraZeneca falls below [*] after a Generic Product is sold in any country in the Territory, FibroGen shall have the right to renegotiate the manufacturing and supply payment terms under the Supply and Quality Agreement. Upon FibroGen’s request, the Parties shall renegotiate reasonable terms in good faith, taking into account also the overall profitability of such Product to AstraZeneca.

Appears in 2 contracts

Samples: License, Development and Commercialization Agreement (Fibrogen Inc), License, Development and Commercialization Agreement (Fibrogen Inc)

AutoNDA by SimpleDocs

Adjustment for Generic Entry. If at any time FibroGen’s net margin percentage on any Product supplied to AstraZeneca falls below [*] [ * ]) after a Generic Product is sold in any country in the Territory, FibroGen shall have the right to renegotiate the manufacturing and supply payment terms under the Supply and Quality Agreement. Upon FibroGen’s request, the Parties shall renegotiate reasonable terms in good faith, taking into account also the overall profitability of such Product to AstraZeneca.

Appears in 2 contracts

Samples: License, Development and Commercialization Agreement, License, Development and Commercialization Agreement (Fibrogen Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!