Identified Compound definition
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.
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.
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.
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 “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.
The term “Partner Product” shall mean any product that contains an Identified Compound, but excluding any Company Product.
Taisho may at its sole discretion decide which CART Identified Compound it shall actually develop or not develop for Drug Product(s) and decide whether to continue or to discontinue such development.
Arena shall, upon request by Fujisawa, give all reasonable assistance to Fujisawa to enable Fujisawa to develop, and obtain Marketing Authorization of, CART Identified Compound.
For a CART Identified Compound, the payment shall be made only at the *************, if any, of a milestone set forth below as to the Drug Product ************ to such milestone that incorporate the CART Identified Compound, regardless of formulation and/or indication of the Drug Product.
In consideration of the right granted hereunder, Taisho agrees to pay to Arena the following Milestone Fees for EACH CART Identified Compound.