Examples of Specified Indication in a sentence
If the Dermion Proposed System relates to the delivery of a Ciba Proprietary Drug for treatment of the Specified Indication, Ciba shall have the right during the term of this Agreement to elect to have Dermion develop a Product for such Ciba Proprietary Drug for treatment of the Specified Indication for it pursuant to the Program instead of the Proposed Dermion System.
If during the term of this Agreement Ciba makes the determination to engage a third party (other than Dermion) to develop a System for a Drug owned, licensed or manufactured by Ciba (other than a Ciba Proprietary Drug for treatment of the Specified Indication, which shall be covered by Section 3.5(a) above) (a "Ciba Proposed System"), prior to initiating discussions with such third party, Ciba shall notify Dermion in writing.
If the Proposed Field is not a Ciba Field and if the Drug proposed to be delivered pursuant to the Dermion Proposed System is not a Ciba Proprietary Drug for treatment of the Specified Indication, Dermion may freely develop the Dermion Proposed System for a third party (which development may be pursuant to an agreement under which Dermion grants exclusive licenses to such third party).
Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed by the 3rd quarter of 2020.
If Novartis so elects, it shall give notice thereof to the Committee within fifteen (15) Business Days of receipt by the Committee of the Notice, in which case Iomed and Dermion shall be prohibited during the term of this Agreement from developing the Proposed System for treatment of the Specified Indication, subject to the last sentence of this Section 3.3(c).
If Dermion so elects, it shall give notice thereof to the Committee within fifteen (15) Business Days of receipt by the Committee of such notice, in which case Novartis shall be prohibited during the term of this Agreement from developing the Novartis Proposed Proprietary System for treatment of the Specified Indication outside the scope of the Program, subject to the last sentence of this Section 3.5(a).
Notwithstanding the foregoing, if Licensee selects as a Specified Indication any (i) [***] or (ii) [***], then, in each case ((i)and (ii) ), it shall be obligated to pay the amounts set forth below in column (A) of Table 1 for the each of the [***] such [***] (as applicable) selected as Specified Indications (i.e., for each of the [***], and for each of the [***]), but thereafter shall not be obligated to pay any Milestones for any subsequent [***], as applicable, selected as Specified Indications.
If Dermion so elects, it shall give notice thereof to the Committee within fifteen (15) Business Days of receipt by the Committee of such notice, in which case Ciba shall be prohibited during the term of this Agreement from developing the Ciba Proposed Proprietary System for treatment of the Specified Indication outside the scope of the Program, subject to the last sentence of this Section 3.5(a).
If the Proposed System relates to the delivery of a Novartis Proprietary Drug for treatment of the Specified Indication, Novartis shall have the right during the term of this Agreement to elect to have Iomed or Dermion develop a Product for such Novartis Proprietary Drug for treatment of the Specified Indication for it pursuant to the Program instead of the Proposed System.
Unless terminated sooner in accordance with the terms set forth herein, the license granted pursuant to Section 2.1 (Research License) of this Agreement and this Agreement shall expire on the [***] anniversary of the Effective Date if, as of such date, no Specified Product (and related Specified Indication) has been selected by Licensee as contemplated herein.