Examples of Identified Compound in a sentence
As long as Taisho is using Taisho Activated Receptor, Screening Assay, CART Identified Compound and/or Drug Candidate, then all such payments shall be made by Taisho to Arena, even if this Agreement is not in full force and effect at the time that such payment is due.
For a CART Identified Compound, the payment shall be made only at the first occurrence, if any, of a milestone set forth below as to the Drug Product first applicable to such milestone that incorporate the CART Identified Compound, regardless of formulation and/or indication of the Drug Product.
Taisho shall provide Notice to Arena of its decision to implement Taisho Development of a CART Identified Compound.
The amount of any milestone payment to TSRI with respect to a Milestone Product that is a Partner Product shall be creditable against any current or future Aggregate Technology Income obligations that are or may become payable to TSRI under Section 4.2 for the same Identified Compound.
The term “Partner Product” shall mean any product that contains an Identified Compound, but excluding any Company Product.
TSRI represents and warrants that each Identified Compound was identified and synthesized by TSRI on or before the Effective Date in connection with the practice of the Invention, but TSRI disclaims any representation or warranty regarding the efficacy, reliability, merchantability, fitness for a particular purpose, reproducibility of data, non-infringement of third party rights or arising out of course of conduct or trade custom or usage with respect to any Identified Compound.
Arena acknowledges and agrees that Taisho shall have sole discretion to: (i) determine which CART Identified Compound to develop as a first Drug Product, Back-Up Compound or Subsequent Compound; and (ii) whether or not to continue development of any CART Identified Compound or Drug Product.
The term “Company Product” shall mean any product that: (a) contains an Identified Compound; and (b) Company or its Affiliate has the right to sell, but only to the extent and for so long as Company or its Affiliate continues to have the right to sell such product.
Although each of the Parties have been given principal responsibility for each of such activities, all significant decisions with respect to such activities shall be made by the Research Team, with the exception that Lilly shall be solely responsible for decisions relating to the development and commercialization activities of any CART Identified Compound or Drug Product.
Such compound(s) identified under the Optimization shall be deemed to be CART Identified Compound, regardless of the definition of CART Identified Compound(s) set forth in the Agreement.