API Compound definition
Examples of API Compound in a sentence
GSK shall pay for such API Compound in advance to the extent that Adolor is required to make payments in advance to its Product Supplier.
Subject to the terms and conditions of this Agreement, GSK shall conduct or have conducted any chemical process development required to develop a commercially acceptable process for making API Compound and obtain supply for worldwide requirements of API Compound.
Thereafter, Adolor will use Commercially Reasonable Efforts to provide a Cost of Goods for API Compound **, unless otherwise mutually agreed between the Parties, to be adjusted for inflation commencing with the Calendar Year beginning January 1, 2004, using the Producer Price Index as published by the Bureau of Labor Statistics of the U.S. Department of Labor; provided Adolor will use Commercially Reasonable Efforts to decrease the cost of such API Compound and formulated Collaboration Products.
Within ** (**) days after the ------------------------- Effective Date, the Parties shall negotiate and agree in good faith a supply agreement relating to supply to GSK of its worldwide requirements of API Compound and its short-term requirements of formulated Collaboration Products for Development activities, addressing the standard terms of supply set forth in ** = Certain information on this page has been omitted and filed separately with the Commission.
Upon receipt of such API Compound, GSK shall have thirty (30) days to perform the Testing Protocol to determine if such API Compound conforms to the specifications and GSK shall promptly notify Adolor of any API Compound that does not conform to the specifications.
Adolor shall supply such API Compound and such -------------- formulated Collaboration Products to GSK at Adolor' Cost of Goods therefor and GSK shall be responsible for shipping, insurance and other related expenses.
A forecast for API Compound requirements for Commercialization of the Collaboration Products shall be prepared and periodically updated by the Joint Supply Committee and coordinated with the applicable U.S. Marketing Plans for Collaboration Products through the Joint Marketing Committee and through the Joint Steering Committee for Commercialization in the ROW.
Subject to Adolor's existing -------------------------- obligations to its Product Suppliers, GSK shall have a right of first negotiation to become an alternative or primary source of supply of API Compound for Commercialization of all Collaboration Products, at GSK's Cost of Goods therefor, which shall not be greater than the applicable Product Supplier's Cost of Goods, and Adolor shall consider any such proposal by GSK in good faith.
Subject to the terms -------------------------------------- and conditions of this Agreement, Adolor shall be responsible to supply, or to obtain supply, for worldwide requirements of API Compound to enable the Parties to fulfill their obligations to Develop Collaboration Products under this Agreement.
Adolor shall supply such API Compound to GSK at -------------- ** and GSK shall be responsible for shipping, insurance and other related expenses.