Affordable Pricing definition
Affordable Pricing as used herein with respect to all countries in the world listed as having high income economies by the World Bank other than Bulgaria, Estonia, Latvia, Lithuania and Russia (“Tier 1 countries”) shall mean a competitive price that facilitates adoption by the various procurement agencies in those countries and coverage for reimbursement by third party payors in those countries, where applicable. “Affordable Pricing” as used herein with respect to all countries in the world except Tier 1 Countries shall mean the lowest sustainable, competitive price for the Licensed Product(s) which covers the cost of raw materials, manufacturing, distribution and operational overheads, and includes a reasonable margin to help ensure the economic sustainability of the production and distribution of the Licensed Product(s). Notwithstanding the foregoing, nothing in this provision will prevent MPP from requiring its Sublicensees to implement accessibility policies that will result in prices for a Licensed Product lower than what would be required by this Section 3.3 or a Licensed Product being more widely available than what would be required by this Section 3.3.
Affordable Pricing means the lowest sustainable competitive price level for the Products. It shall cover (a) the cost of raw materials, labor and other direct manufacturing costs incurred by the Company in manufacturing a Product; (b) overhead and indirect manufacturing costs incurred by the Company in manufacturing a Product, not to exceed X% [Company to insert this percentage in response to RFP and Company and TB Alliance to negotiate the final percentage in the course of finalizing the terms of this Agreement]; (c) the actual distribution costs incurred by Company in the marketing, promotion, offering for sale, importing for sale, exporting for sale, distribution and sale of a Product as well as in procuring and maintaining the regulatory approvals necessary to undertake such activities; and (d) a reasonable net margin not to exceed Y% [Company to insert this percentage in response to RFP and Company and TB Alliance to negotiate the final percentage in the course of finalizing the terms of this Agreement ] to help ensure the economic sustainability of the production and distribution.
Affordable Pricing as used herein shall mean the lowest sustainable, competitive price for the Product(s) which covers the cost of raw materials, manufacturing, distribution and operational overheads, and includes a reasonable margin to help ensure the economic sustainability of the production and distribution of the Product(s).
Examples of Affordable Pricing in a sentence
MPP will require that such Sublicensee(s) use commercially reasonable efforts to ensure that the Licensed Product(s) be made available at Affordable Pricing as quickly as possible in sufficient quantities to meet the needs of TB patients throughout the world.
MPP will require that such Sublicensee(s) use commercially reasonable efforts to ensure that the Product(s) be made available at Affordable Pricing as quickly as possible in sufficient quantities to meet the needs of TB patients throughout the world.
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More Definitions of Affordable Pricing
Affordable Pricing as used herein with respect to all countries in the world except Tier 1 Countries shall mean the lowest sustainable, competitive price for the Licensed Product(s) which covers the cost of raw materials, manufacturing, distribution and operational overheads, and includes a reasonable margin to help ensure the economic sustainability of the production and distribution of the Licensed Product(s). Notwithstanding the foregoing, nothing in this provision will prevent MPP from requiring its Sublicensees to implement accessibility policies that will result in prices for a Licensed Product lower than what would be required by this Section 3.3 or a Licensed Product being more widely available than what would be required by this Section 3.3.
Affordable Pricing means the lowest sustainable, competitive price for the Licensed Product(s) which covers the cost of raw materials, manufacturing, distribution and operational overheads, and includes a reasonable margin to help ensure the economic sustainability of the production and distribution of the Licensed Product(s). Notwithstanding the foregoing, nothing in this provision will prevent Licensee from implementing accessibility policies that will result in prices for a Licensed Product being lower than what would be required by this Section 3.2 or a Licensed Product being more widely available than what would be required by this Section 3.2. MPP acknowledges that, as a medical research organization focused on translational development, that Licensee does not currently intend to itself commercialize drug products. However, if Licensee elects to seek marketing authorization of a Licensed Product and receives a Priority Review Voucher for a Licensed Product, any proceeds from the monetization of such PRV would be expected to be used to further Licensee’s charitable objectives.