Milestone 5 definition

Milestone 5 means the achievement of worldwide aggregate Net Sales of the Product (inclusive of all Indications) of at least two hundred fifty million U.S. dollars ($250,000,000), calculated on a cumulative basis for all Calendar Years (or portion thereof), provided that Milestone 3 is achieved by or before December 31, 2030.
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Milestone 5 means FDA approval of a NDA for FX301.
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Milestone 5 has the meaning specified in the Project Agreement.
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Examples of Milestone 5 in a sentence

  • Licensee shall launch a research and development program for the licensed therapeutic rights pursuant to the therapeutic milestone events and fees outlined below, unless Licensee executes a Sublicense Agreement as set forth in Milestone 5 in section 2.4 above.

  • To date, the Company has incurred costs of approximately Cdn $6.6 million towards Milestone 4, Cdn $4.2 million towards Milestone 5 and Cdn $2.4 million towards Milestone 6, of which $142 was recognized for milestone 5 during the quarter ended December 31, 2014 under this grant and $200 was recognized for milestone 6 during the quarter ended March 31, 2016.

  • Should Licensee not execute a Sublicense Agreement as set forth in Milestone 5, Licensee shall pay a fee of *** to the Licensor and provide a detailed Commercialization Plan for the licensed therapeutic rights to Licensor within forty-five days of the Deadline for Milestone 5.

  • Distribution of Withdrawal Penalty revenue associated with Readiness Milestone 5 shall not be distributed to the remaining customers in that cluster until all customers in that cluster have reached Commercial Operation and thereafter shall be distributed as described above.

  • Milestone 1: Milestone 2: Milestone 3: Milestone 4: Milestone 5: Final Acceptance NOTE TO AGENCIES: Contract performance security may be used as a performance assurance tool.


More Definitions of Milestone 5

Milestone 5. [ ]* [ ]* Milestone 6: [ ]* [ ]*. Each milestone is independent, so that the achievement of any one milestone with respect to a Research Compound or Product does not require payment of lower numbered unachieved milestones with respect to that Compound or Product.
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Milestone 5 means cumulative Net Sales of the Product Candidate exceeding three hundred million dollars ($300,000,000), inclusive of Milestone #4, but only if the foregoing Milestone is achieved no later than the Milestone Target Date.
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Milestone 5. “Milestone 5” means:
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Milestone 5. Program/Project 3 Sub Application Title 3:
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Milestone 5. CubeRover EM Integrated with Cable Reel Target Date: ATP + 10.5 Months Entrance Criteria: 1. CubeRover, Cable, and Reel Engineering Model Integration and Test Plan has been drafted. 2. CubeRover, Cable, and Reel Master Build Reports are complete. Success Criteria: 1. CubeRover, Cable, and Reel Engineering Model Integration and Test report uploaded to NASA server. 2. CubeRover, Cable, and Reel Engineering Model Integration and Test report reflects the as assembled & integrated CubeRover EM / Cable and Reel EM.
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Milestone 5. Success Criteria: Amount: $ Date:
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Milestone 5 shall be demonstrat:4 on by BIOTHERAPIES (to MICHIGAN's reasonable satisfaction) of the commencement o.f FDA Phase III clinical trials ---- for a theraoeutic Product. The following ~s the milestone achievement schedule. BIOTHERAPIES shall achieve demonstration of the milestones by -the dates set out below, and, upon any failure to do so, MICH7GAN may az Jts option terminate ~his-Agreement and the license rights conveyed herein: (1) Milestone 1: December 31, 1996; (2) Milestone 2: January 31, 1-997; (3) Milestone (4) Milestone 4:
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