Compound Family definition
Examples of Compound Family in a sentence
Such right of replacement may be exercised by Pfizer up to two times with respect to each Compound Family.
Upon receipt of each such notice, the Candidate Compound being replaced shall cease to be a Candidate Compound and the replacement Candidate Compound shall be the Candidate Compound for the applicable Compound Family.
For the period commencing at the Effective Date and ending [***] days after the later to occur of: (i) the completion of the Design/Preclinical Collaboration Term and (ii) the expiration of the Replacement Term for the [***] Compound Family (the “[***] Option Period”), Pfizer will be entitled, by written notice to BIND (a “[***] Option Notice”) to exercise the [***] Option.
INTRABIOTICS acknowledges and agrees that if INTRABIOTICS fails to make the payment required under Section 5.4 when due, it shall have no further right to obtain such license with respect to the relevant Identified Compound Family.
Any Compound within a Compound Family undergoing optimization under this Section A.4, which is discovered to not inhibit the Target or have a modulating activity in the Target pathway shall no longer be considered part of the Avalon Technology, and shall no longer be exclusively licensed to MedImmune pursuant to Section 2.1(a).
Any Compound within a Compound Family undergoing optimization under this SECTION A.4, which is discovered to not inhibit the Target or have a modulating activity in the Target pathway shall no longer be considered part of the Avalon Technology, and shall no longer be exclusively licensed to MedImmune pursuant to SECTION 2.1(a).
For each Compound Family selected by MedImmune under SECTION A.3.3, some or all of the Compound Hits within that Compound Family shall be designated Lead Compounds and subjected to Lead Compound Optimization.
In consideration of the execution and delivery of this Agreement, Pfizer will pay to BIND Four Million US dollars (US $4,000,000), comprised of [***] US dollars [***] per Compound Family, such amount to be paid by Pfizer within ten (10) days after the Effective Date.
For each Compound Family selected by MedImmune under Section A.3.3, some or all of the Compound Hits within that Compound Family shall be designated Lead Compounds and subjected to Lead Compound Optimization.
In the event that INTRABIOTICS, in its sole discretion, is not interested in pursuing research, development and commercialization of at least one compound within an Identified Compound Family, INTRABIOTICS shall notify NCE thereof in writing.