Affordable Basis definition

Affordable Basis means the sale or other disposition of a Licensed Product at cost or with a [***] of the fully-burdened Manufacturing/acquisition cost of such Licensed Product.

Affordable Basis means making a product available to patients at lowest cost possible. For clarification, Affordable Basis is satisfied if a Party sells such product for no more than the Cost of Goods Sold plus an additional percentage that is required to cover the costs and expenses of such Party’s commercialization and logistics activities with respect to such product in the applicable country. In determining Affordable Basis, the Parties recognize that, to the extent that a Party engages a Third Party in the commercialization of a product on an Affordable Basis, such Third Party shall be entitled to a reasonable profit margin, as customary in the generic drug industry for such country; provided that the applicable Party uses commercially reasonable efforts to minimize such Third Party profits.

Affordable Basis means, with respect to an Optioned Product in the Access Territory, selling or otherwise making such Optioned Product available to patients at a price where the revenue per unit shall not exceed […***…].

Examples of Affordable Basis in a sentence

• It is also proposed that authority be delegated to the Director of Education and Children’s Services, in consultation with the Asset Management Senior Officers Group, to manage the on-going financial allocation and prioritisation of these allocations.

• The Parties shall also undertake their roles and activities at all times with the goal of making a Product available on an Affordable Basis in the Field in the Territory as early as possible.

• Upon agreement on the Regulatory Strategy for a country, the Parties shall jointly establish a detailed Access and Implementation Plan for such country to ensure availability of the Product through public and private distribution channels in the Territory on an Affordable Basis.

• In particular, the Parties shall use Reasonable Efforts to develop, obtain Regulatory Approval(s) for and, following Marketing Authorisation, use all Reasonable Efforts to provide an adequate supply of Product on an Affordable Basis in the Field in the Territory and provide a strong supply network to support such distribution.

• DNDi may mandate an independent and experienced auditor to verify the conformity of Partner’s current prices of the Product with the Affordable Basis definition.

More Definitions of Affordable Basis

Affordable Basis means sale or other disposition of the Licensed Product by Gilead or its Affiliate or Sublicensee [***].

Affordable Basis means, with respect to a Licensed Product or a Gilead Combination Product in the Access Territory, selling or otherwise making such Licensed Product or Gilead Combination Product available to patients at a price where the revenue per unit shall not exceed […***…].

Affordable Basis means pricing a Product at the lowest sustainable level which may include only:

Affordable Basis means, with respect to a Licensed Product (other than a *** Licensed Product) in the Access Territory, selling or otherwise making such Licensed Product available to patients at a cost no more than the sum of (a) *** plus (b) an additional amount not to exceed all costs and expenses of Gilead or its Affiliates’ Commercialization activities with respect to such Licensed Product in the Access Territory.

Affordable Basis means selling a Product for [***]. In determining Affordable Basis, the Parties recognize that, to the extent that a Party engages a Third Party in the Commercialization of a Product on an Affordable Basis, [***].

Affordable Basis means making a product available to patients for no more than [***]. In determining Affordable Basis, the Parties recognize that, to the extent that a Party engages a Third Party in the Commercialization of a product on an Affordable Basis in a country, such Third Party shall be entitled to a reasonable profit margin that is customary in the generic drug industry for that country; provided, that the applicable Party uses commercially reasonable efforts to minimize such Third Party profits.

Affordable Basis means making a product available to patients at the lowest cost possible. For clarification, Affordable Basis is satisfied if a Party sells such product for no more than [***]. In determining Affordable Basis, the Parties recognize that, to the extent that a Party engages a Third Party in the commercialization of a product on an Affordable Basis, such Third Party shall be entitled to [***]; provided that the applicable Party uses Commercially Reasonable Efforts to minimize such Third Party profits. Confidential 1 [***] INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.