BII Product definition

BII Product means any pharmaceutical product developed by or on behalf of BII using the Acquired Assets.
BII Product means any pharmaceutical product developed by or on behalf of BII using the Acquired Assets. 1.1.11 “Books and Records” shall mean all of MABVAX’s right, title, and interest in all books, records and other documents used for and solely and exclusively related to [***]. For clarity, Books and Records shall include original lab notebooks covering [***]. 1.1.12 “Business Day” shall mean any day other than a Saturday, a Sunday, or a day on which commercial banks in Frankfurt am Main, Germany, or California, USA are authorized or required by law to remain closed. 1.1.13 “Calendar Quarter” means a period of three calendar months ending on March 31, June 30, September 30 or December 31 in any Calendar Year. 1.1.14 “Calendar Year” means each successive period of twelve (12) months commencing on January 1 and ending on December 31. 1.1.15 “Claim” shall mean any Action asserted by MABVAX against BII, or by BII against MABVAX. 1.1.16 “Clinical Trial” means any experiment in which a drug or therapy is administered or dispensed to, or used involving, one or more human subjects (including but not limited to a Phase I Clinical Trial, and a Phase III Clinical Trial). 1.1.17 “Closing” shall mean the closing of the transactions contemplated by this Agreement in accordance with the terms and upon the conditions set forth in this Agreement. The date upon which Closing occurs shall be July 5, 2018 (the “Closing Date”).
BII Product means one or more nucleic acids encoding [...***...] and all other material for inclusion in a Product-Kit with the exception of any components purchased from Genetronics or a Genetronics Affiliate.

Examples of BII Product in a sentence

  • During the applicable Earn-Out Period, if a BII Product sold in a country in the Territory is not covered by a Valid Claim in such country at the time of its sale, then the Earn-Out Payment for such BII Product in such country shall be reduced by [***] percent ([***]%) as determined pursuant to Section 5.4.1.

  • After the Closing Date until the [***] anniversary of the Closing Date, MABVAX undertakes to BII that it shall not, and shall procure that its Affiliates shall not, directly or indirectly conduct any activity involving the research, development, commercialization or other exploitation of a [***] Program and/or any product competing with a BII Product, or fund, authorize or assist any such activity.

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  • Start of Development of the first BII Product [***] Initiation of first Phase I Clinical Trial [***] [***] Initiation of first Phase III Clinical Trial [***] [***] First Commercial Sale [***]in a Major Market [***] The Milestone Payment for the First Commercial Sale [***] in a Major Market shall be payable [***], for the first Calendar Year in which the First Commercial Sale milestone event is achieved [***].

  • For the avoidance of doubt, BII is permitted to suspend or stop the development of a BII Product for a period that does not exceed [***] months even as such suspension or stoppage would be a breach of BII’s obligation to use Commercially Reasonable Efforts.

  • No multiple Earn-Out Payments shall be payable because a BII Product, its manufacture, use or sale is or shall be covered by more than one Valid Claim included in the [***] Program Patents or more than one patent under the [***] Program Patents.

  • BII shall use Commercially Reasonable Efforts to advance the development of at least one (1) BII Product [***].

  • BII shall use Commercially Reasonable Efforts to advance the development of at least one (1) BII Product into a Phase I Clinical Trial.

  • Terms of payment for each BII Product Order shall be Net 30 and payable in U.S. Dollars only.

  • Notwithstanding anything to the contrary in this ARTICLE 8 (Intellectual Property), the Parties shall discuss in good faith and seek to reach mutual agreement for which, if any, of the Patents within the Epizyme Product Patents, BII Product Patents and Joint Product Patents they shall apply to obtain patent term extensions, adjustments, restorations or supplementary protection certificates under Applicable Laws, based on the best commercial interests of the Compounds or Products Covered by such Patents.


More Definitions of BII Product

BII Product has the meaning set forth in Section 5.1.1 (BII Products Report).

Related to BII Product

  • Licensed Product means a product or part of a product in the Licensed Field of Use: (A) the making, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent; or (B) which is made with, uses or incorporates any Technology.

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • New Product means the Synology-branded hardware product and Synology-branded accessories contained in the original packaging Customer bought from an authorized Synology distributor or reseller. You may see our “New Product” at Product Support Status.

  • Drug Product means a specific drug in dosage form from a known source of manufacture, whether

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Generic Product means a product which (a) contains as its active pharmaceutical ingredient a compound that is (or is substantially the same as) the Licensed Compound, and (b) has been placed on the market pursuant to a validly granted marketing authorization.

  • Bundled Product means Product sold together with any other product(s) or service(s) at a single unit price, whether packaged together or separately, and which other product(s) or service(s) have material independent value from Product itself.

  • Licensed Compound means [***].

  • Diagnostic Product means any test or assay for diagnosing or detecting a disease, disorder, medical condition, or symptom.

  • Aerosol Product means a pressurized spray system that dispenses product ingredients by means of a propellant contained in a product or a product's container, or by means of a mechanically induced force. “Aerosol Product” does not include “Pump Spray.”

  • medicinal product means any substance or combination of substances presented for treating or preventing disease in human beings or animals and any substance or combination of substances which may be administered to human beings or animals with a view to making a medical diagnosis or to restoring, correcting or modifying physiological functions in humans or in animals;

  • Nicotine product means a product that contains nicotine and is not any of the following:

  • Final Product means a reasonably homogenous cannabis product in its final packaged form created using the same standard operating procedures and the same formulation.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Therapeutic Product means a health product categorised as a therapeutic product in the First Schedule to the Act;

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.

  • Licensed Compounds means: (a) Research Program Active Compounds; (b) Novartis Active Compounds; (c) salts, hydrates, solvates, esters, metabolites, intermediates, stereoisomers and polymorphs of Research Program Active Compounds or Novartis Active Compounds; and (d) prodrugs of Research Program Active Compounds or Novartis Active Compounds (any of the foregoing, a “Licensed Compound”).

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • End product means those articles, materials, and supplies to be acquired under the contract for public use.

  • Royalty-Bearing Product means (a) any Product that is not a Co-Developed Product and (b) any Co-Developed Product to the extent sold outside of the Co-Development Territory.

  • Recycled product means a product containing recovered material, or post-consumer recovered material, or both.