New Formulation Licensed Product definition
Examples of New Formulation Licensed Product in a sentence
All terms of such Clinical Supply Agreement apply to the supply by Ipsen to Radius of New Formulation Licensed Product for phase II clinical trials to the exception of the Technical Specifications, Manufacturing and Analytical Procedure and Safety Agreement and the price for the clinical supplies and work associated and quantities of clinical batches.
The supply of New Formulation Licensed Product by Ipsen to Radius for use in phase II clinical trials will be managed under the terms agreed in Appendix D of the License Agreement dated September 27 2005 “Clinical Supply and Technical Transfer Agreement BIM 44058 injection clinical supplies and technology transfer” (hereinafter the “Clinical Supply Agreement”).
Under the Clinical Supply Agreement, Ipsen will manufacture or have manufactured and tested the bulk product and devices applicable to the New Formulation Licensed Product for phase II clinical trials, and will provide the analytical control data, with suitable documentation from contract manufacturing company, and Radius will complete final clinical packaging/labeling, and final Quality Assurance release of the clinical supplies of New Formulation Licensed Product for phase II clinical trials.
From time to time during the term of this Agreement or upon the reasonable request of Radius, Ipsen shall supply Radius with reasonable quantities of compounds generated or formulated by Ipsen in the course of performing its research tasks and activities under the Work Plan for purposes of enabling Radius to test such compounds and the formulation thereof and for purposes of allowing Radius to assess the extent to which such compounds meet the specifications for a New Formulation Licensed Product.
For the New Formulation Licensed Product for phase II clinical trials the following will apply: The relevant Technical Specifications will be set by the Joint Steering Committee; the price for the clinical supplies of New Formulation Licensed Product for phase II clinical trials and work associated * Confidential Treatment Requested by the Registrant.
Licensee shall use commercially reasonable efforts and diligence to make, use, offer for sale, sell and import Licensed Products, consistent with reasonable scientific and business practices and judgments in the pharmaceutical industry for products with similar commercial value, market potential and profitability; provided that in no event will Licensee be obligated to continue to market its currently-approved Licensed Product or to bring to market a New Formulation Licensed Product.
Furthermore, Licensee shall be required to include a sublicense or assignment of this Agreement in any Divestiture Transaction if, prior to the effective date of the definitive agreement for the Divestiture Transaction, Revised Labeling has been obtained, a Revised Labeling Patent Claim has issued and continues to be a Valid Claim, or a New Formulation Licensed Product has been granted final marketing approval by the FDA.