Commercial Strategy Clause Samples
The Commercial Strategy clause outlines the overarching approach and key objectives that guide the business relationship between the parties. It typically details the intended market positioning, target customers, and revenue goals, and may specify collaborative efforts such as joint marketing or product development. By clearly defining the commercial direction and mutual expectations, this clause ensures alignment between the parties and helps prevent misunderstandings regarding business priorities and shared goals.
Commercial Strategy. The Company's commercial strategy will be ------------------- determined by the Board upon the proposal of the President. The President shall inform the Board of the status of the Company's implementation of its strategy on a regular basis, and shall from time to time as may be appropriate under the circumstances provide written status reports with respect thereto.
Commercial Strategy. For commercial viability reasons, the Product shall be introduced in Malaysia and its governing territories ("collectively the Territory") in 3 Stages. For Stage 1 and Stage 2, Generex is to grant exclusive distribution/commercial rights to BHSB for the Territory, and on first right of refusal terms for the Australia, New Zealand and global Halal markets. The cost of Distribution rights shall include the royalties payable for Stage 1 and Stage 2 is to be included in the CIF KLIA prices. BHSB plans to introduce the Vaccine into Malaysia commercially in 3 stages as follow: • After Generex/NuGenerex have received the full FDA approval on the vaccine and provide full documentation to BHSB, BHSB will commence the submission process to National Pharmaceutical Regulatory Agency ("NPRA") for pre submission meeting; • As part of the submission, BHSB are required to submit 50-100 samples to the Institute of Medical Research ("IMR") for testing and evaluation. These samples are to be provided by Generex/NuGenerex; • BHSB will be purchasing the Vaccine in Naked Vial form from Generex/NuGenerex in batches based on CIF KLIA price. This price will include all royalties, distribution/licensing, etc; • After the Vaccine have arrived at the KLIA airport, batch testing will be performed. Subsequently, the Vaccine in Naked Vial form will be delivered to facility sites for labeling and packaging; • BHSB do not envisage any independent research and further research at this stage. The full FDA Approval granted to Generex/NuGenerex shall meet all requirements byNPRA. • BHSB will be importing the Vaccine in bulk quantities. Upon arrival of the Vaccine at the KLIA airport, the Vaccine will be delivered to facility sites for bottling and Local labeling; • BHSB will be purchasing the Vaccine in bulk quantities form from Generex/NuGenerex in batches based on CIF KLIA price. This price will include all royalties, distribution/licensing; • After the bottling and labeling is done, it will be delivered to end users; • To get NPRA approval, BHSB will perform the relevant test as required by MOH to compare the fill & finish product against original product from manufacturer. • BHSB do not intend to conduct any independent research and further research at this stage except for any testing required by MOH. • Local manufacturing cost including plant cost cannot be determined at this moment as the market size and other factors are difficult to determine. • We will consider commencing Local manu...
Commercial Strategy. We currently intend to use third-party providers and manufacturers to support the commercialization JAN101, if we are successful in obtaining FDA approval. We believe that we can promote JAN101 to the patients suffering from PAD in a cost effective manner. We anticipate our commercial operation will include outside sales management, outside sales support, distribution support, and an internal marketing group. Additional requisite capabilities will include focused management of key accounts, such as managed-care organizations, group purchasing organizations, and government accounts. We intend selectively to partner with third parties with vast experience in the space, as we have been partnering for every aspect of development.
Commercial Strategy. Subject to commercial requirements, Air Nova available aircraft will be placed into service as soon as possible. Any pilots holding a Reserve block will be planned for days offper month (prorated) during the spool up period. The parties agree that a spirit cooperation and professionalism is essential for mutual benefit, in the public interest, and for the intent and purpose of this Protocol.
Commercial Strategy. The Parties shall jointly confirm and prepare the overall objectives of the cooperation program.