First Licensed Product definition

First Licensed Product means Licensed Product for the treatment of patients with dry age related macular degeneration (AMD), currently known by the tradename “OpRegen”.

First Licensed Product means any Licensed Product containing the First CD71 PDC.

First Licensed Product means the first Licensed Product that Phenomix develops and commercializes under the Agreement.

Examples of First Licensed Product in a sentence

• To this end, CMCC shall have the right to terminate this Agreement pursuant to Section 13.4 if LICENSEE fails to attain any of the above milestones with respect to the First Licensed Product or if it suspends diligence in meeting any of the above milestones for more than three (3) months with respect to the First Licensed Product because of business circumstances such as lack of funds, merger acquisition, or the like ("Business Circumstances").

• CMCC shall have the right to terminate this Agreement pursuant to Section 13.4 with respect to one or more Licensed Products except the First Licensed Product ("Other Licensed Product(s)"), if LICENSEE fails to attain any of the above milestones with respect to such Other Licensed Product(s) or if it suspends its diligence in meeting of any of the above milestones for more than three (3) months with respect to such Other Licensed Product(s) because of Business Circumstances.

• No Milestone Payment shall be paid more than once for the First Licensed Product.

• LICENSEE shall provide CMCC with a Notice of Intent to Commercialize the first Licensed Product ("First Licensed Product") upon the Effective Date.

• In consideration of the rights granted under Article 2 for the First Licensed Product, ADCT shall make the milestones and royalties payments detailed in Annex 2.

More Definitions of First Licensed Product

First Licensed Product means a Licensed Product [***] and the term “Second Licensed Product” shall mean a Licensed Product [***], provided that, for clarity, each of the First Licensed Product and Second Licensed Product shall [***].

First Licensed Product means the first Licensed Product for which an IND or its equivalent in a Major Market becomes effective, or any Licensed Product that replaces such product pursuant to Section 3.3.1.

First Licensed Product means the first product developed by GCOR or any of its sublicensees for either the prevention or treatment of a disease associated with each Virus; provided, however, that an IND relating to such product has been submitted and become effective, by GCOR or any of its sublicensees.

First Licensed Product means the first federally approved INDIVIDUAL LICENSED PRODUCT to be subjected to a governmental safety and efficacy approval process prior to market introduction, and which is sold in any country of the TERRITORY.

First Licensed Product is defined in Section 13.7.2(b).

First Licensed Product means an ADC which comprises a [***] SAFEbody.

First Licensed Product means the Licensed Product now under development by Alliance or a Licensed Product containing the same perfluorocarbon components. The Alliance Notice will include the financial and other material terms which Alliance is prepared to accept, and, if requested by the Companies, Alliance will also make available to them clinical or other data reasonably necessary to permit the Companies to evaluate the technical and marketing potential of the First Licensed Product. If requested by either of the Companies before the expiration of a 60-day period (the "Initial Period") after receipt of the Alliance Notice, each of the parties will negotiate in good faith in order to reach an agreement (a "Definitive Agreement") with respect to the terms set forth in the Alliance Notice; provided, however, that, if not so requested, or if a Definitive Agreement shall not be executed before the expiration of a 120-day period (the "Second Period") following receipt of an Alliance Notice, Alliance may negotiate and execute a Definitive Agreement with one or more third parties; and provided, further, that (i) if the Companies shall pay to Alliance one million dollars (the "premium"), determined by the Companies as set forth below, before the expiration of the Initial Period (regardless of whether the Companies have requested that Alliance negotiate a Definitive Agreement with them), the Companies shall have a right of first refusal (on customary terms) with respect to a Definitive Agreement acceptable to Alliance and one or more third parties if the financial and other material terms thereof are less favorable to Alliance than the financial and other material terms which Alliance was prepared to accept as set forth in the Alliance Notice and (ii) Alliance shall have the right (the "Alliance Termination Right") to terminate such right of first refusal upon payment to the Companies of an amount equal to 200% of the premium. During the Initial Period and during the Second Period, in case either or both of the Companies request that Alliance negotiate a Definitive Agreement with them prior to the end of the Initial Period, Alliance will not enter into or continue negotiations for a Definitive Agreement with any third party. In the event of any dispute as to the value of the financial and other material terms included in the Alliance Notice, any of the parties may refer such dispute to any mutually acceptable third party, whose decision shall be final, conclusive and binding upon the pa...