Examples of Licensed Compound Set in a sentence
After the Exclusive Development Period, Abbott shall maintain an active clinical development program on at least one (1) ArQule Compound in each Licensed Compound Set.
The Licensed Set Core shall be included in the Licensed Compound Set.
Abbott shall have the option to extend the Exclusive Development Period for such Licensed Compound Set, subject to the Minimum FTE Requirement, for up to four (4) additional one year periods.
Upon expiration of the Exclusive Development Period for any Licensed Compound Set, the license granted to Abbott under Section 5.4 of this Agreement shall terminate unless, within thirty (30) days of such date, Abbott commences the clinical development program described in Section 5.5(b) for * or more ArQule Compounds within such Licensed Compound Set.
ArQule acknowledges and agrees that Abboxx xxxll have the right to commercially develop, market and sell ArQule Derivative Compounds synthesized by Abboxx xxxt are (a) not included in any Licensed Compound Set and (b) not covered by any ArQule Patent Rights, subject to Abboxx'x xxxigation to pay royalties and milestone payments to ArQule pursuant to Article 6.
SB shall have sole responsibility for, and control over, the management of SB Patent Rights and ArQule shall have sole responsibility for, and control over, the management of ArQule Patent Rights; provided, however, that ArQule shall consult with SB with respect to any ArQule Patent Rights that claim an ArQule Compound that is part of a Licensed Compound Set.
Subject to the foregoing, (a) ArQule shall notify the Research Committee that such Active ArQule Compound and Active Homologs thereto are properly designated as Licensed Compounds, and (b) provide Wyeth-Ayerst with the confirmed chemical composition, structure, purity information and location of all Active ArQule Compounds and Active Homologs thereto so designated as Licensed Compounds belonging to such Licensed Compound Set.
In the event that Solvay conducts optimization of a Licensed Compound Set, then at the request of Solvay, ArQule will provide Solvay with synthetic protocols (in American Chemical Society experimental format, not automated protocols) to enable Solvay to make those Licensed Compounds.
SB shall use reasonable efforts to develop, manufacture, market, and sell a Royalty-Bearing Product based on each Licensed Compound Set in accordance with its scientific, medical, business and legal judgment.
During the Research Period, Solvay may submit any Licensed Compound Set to ArQule for optimization in the Directed Array Program; however, ArQule has no obligation to increase its commitment to the Directed Array Program as set forth in Section 4.3. At any time, Solvay may conduct optimization of any Licensed Compound Set.