Production Process Development definition
Examples of Production Process Development in a sentence
Out of the pool of Collaboration Antibodies against a given Collaboration Target, the Steering Committee will select the Collaboration Antibody that it believes to be most promising for development and commercialization and it will then move such Collaboration Antibody into Production Process Development.
Each Collaboration Antibody that is put into Production Process Development shall be deemed to be a "LEAD COLLABORATION ANTIBODY." It is understood that the Steering Committee may, over time, select more than one Lead Collaboration Antibody against a given Collaboration Target, or substitute one Lead Collaboration Antibody for another.
Upon designation of each Lead Collaboration Antibody, the Parties shall commence Production Process Development for such antibody.
With respect to each Lead Collaboration Antibody, the Steering Committee shall solicit bids from suppliers to perform the Production Process Development.
With respect to the Lead Collaboration Antibody, the Steering Committee shall solicit bids from suppliers to perform the Production Process Development.
Upon designation of each Lead Collaboration Antibody, each of Genmab/Medarex and deCODE shall commit to support fifty percent (50%) of the cost of Production Process Development for such Lead Collaboration Antibody, which cost is estimated to be two million dollars ($2,000,000) to three million dollars ($3,000,000) in the aggregate per Lead Collaboration Antibody, although such cost may vary depending on the particular characteristics of a given Lead Collaboration Antibody.
It is understood and agreed, however, that in no event shall any (y) Collaboration Antibody, Collaboration Product, or Production Process Development, or (z) Information and Inventions that would fall within the definition of "Excluded Claims" or "Excluded Know-How", be deemed to be subject to the assignment obligation set forth in this Section 12.1.4.
In the event the Steering Committee selects a Party to perform Production Process Development pursuant to this Section 1.2.8, and such Party agrees to do so, the price and other terms and conditions of such Production Process Development shall be based on arm's length negotiations with the Steering Committee.
Each Collaboration Antibody that is put into Production Process Development shall be deemed to be a "LEAD COLLABORATION ANTIBODY".
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