Examples of Specified Indication in a sentence
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).
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 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.
Schedule 3.1(b) attached hereto sets forth as of the date hereof certain Drugs with respect ******************** *****************************************, and which Ciba believes are potentially therapeutic if delivered pursuant to a System in the treatment of the indication (the "Specified Indication") set forth in Schedule 3.1(b) with respect to such Drug.
On a Specified Indication-by-Specified Indication basis, Genzyme will pay to Voyager a one-time, non-refundable, non-creditable payment of twenty million dollars ($20,000,000) (the “Sales Milestone Payment”) when aggregate Net Sales for all Licensed Products in such Specified Indication in the Territory during the Royalty Term reaches [**] dollars ($[**]) (the “Sales Milestone Event”).
The development of any such Product for a Novartis Proprietary Drug for treatment of the Specified Indication pursuant to the Program shall be pursuant to this Agreement or an amendment to this Agreement (provided, that, other than providing for incremental costs to be paid by Novartis and incremental personnel, facilities and resources to be provided by Dermion, such amendment shall be on the same terms and conditions as this Agreement).
No later than at the time of the delivery of the First Report, Voyager will determine in its sole discretion if DM1 will be permitted to be the second Specified Indication and provide Genzyme with written notice of its determination.
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 Voyager does not provide Genzyme written notice that DM1 will not be permitted to be the second Specified Indication by the time of delivery of the First Report, Genzyme may, in its sole discretion, select one (1) of DM1 or FSHD as the second Specified Indication and shall notify Voyager of its selection within [**] following delivery of the First Report by Voyager.
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.