Common use of Development & Regulatory Milestones Clause in Contracts

Development & Regulatory Milestones. Milestone Event Payment Amount First approval, clearance or waiver to initiate a human clinical trial in the Territory (or in any country for a trial in which Elpiscience is participating or from which Elpiscience has requested data pursuant to Section 4.5) $ [*** ] First dosing of first patient in a Phase 3 (or pivotal/registration) trial in the Territory (or in any country for a trial in which Elpiscience is participating or from which Elpiscience has requested data pursuant to Section 4.5) $ [*** ] First Marketing Approval in the Territory $ [*** ]

Appears in 4 contracts

Samples: License Agreement (Inhibrx, Inc.), License Agreement (Inhibrx, Inc.), License Agreement (Inhibrx, Inc.)

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