Start of Development definition
Examples of Start of Development in a sentence
The initial development plan listed below has been constructed using BI’s standard assumptions of time required for non-clinical R&D and CMC development activities after Start of Development of a Development Candidate that meets the Criteria listed in Exhibit 2.
Start of Development of the first BII Product [***] Initiation of first Phase I Clinical Trial [***] [***] Initiation of first Phase III Clinical Trial [***] [***] First Commercial Sale [***]in a Major Market [***] The Milestone Payment for the First Commercial Sale [***] in a Major Market shall be payable [***], for the first Calendar Year in which the First Commercial Sale milestone event is achieved [***].
BII shall endeavour to achieve (a) Start of Development of a BII Product within approximately [***] months after the Effective Date, and (b) Initiation of the first Phase I Clinical Trial of a BII Product approximately [***] months after the effective date of the Agreement, it being understood by the Parties these timelines are anticipated timelines only and are neither binding nor enforceable under this Agreement.
The Research Program shall be performed, on a Candidate Product-by-Candidate Product basis, during the period commencing [***] following the Effective Date and expiring upon Start of Development for such Candidate Product, unless (i) extended by BOEHRINGER and agreed to by DICERNA, or (ii) earlier terminated as provided in Article 10 of this Agreement (the “Research Program Term”).