BioChem definition
Examples of BioChem in a sentence
Notices required under this Agreement shall be in writing and sent by registered or certified mail, postage prepaid, or by facsimile and confirmed by registered or certified mail and addressed as follows: IF TO BIOCHEM: BioChem Pharma Inc.
To the best knowledge of the officers of SP (i) none of the Drug Candidates for HBV infringe patents of third parties on the Transfer Date unless written notice is otherwise provided to BIOCHEM by SP prior to the Transfer Date and (ii) none of the Dimerescent Compounds infringe patents of third parties on the date of execution of the option unless written notice is otherwise provided to BIOCHEM prior to execution of the options.
BIOCHEM AND EACH BIOCHEM AFFILIATE DISCLAIM ALL OTHER WARRANTIES OF WHATEVER NATURE, EXPRESS OR IMPLIED.
If any new uses for or derivatives of any Compounds or Products developed by SP under the Research Programs hereunder are developed or discovered by SP or BIOCHEM during the term of this Agreement (the "Research Inventions"), ownership of such uses or derivative Compounds shall be governed by United States Patent laws and such new uses or derivative Compounds and any patent derived therefrom shall be included within the scope of this Agreement.
BIOCHEM shall have [***] to exercise the options to Dimerescent Compound under the following schedule.
SP shall pay the costs of said examination unless an underpayment of greater than [***] in royalties due is present, in which case BIOCHEM shall reimburse SP for the reasonable expenses of the examination.
Prior to BIOCHEM making any royalty or milestone payments to SP under this SECTION 3.3(B), BIOCHEM shall first be entitled to reimbursement in full for the clinical development costs it has expended.
By: _____________________________ Title: __________________________ By: _____________________________ Title: __________________________ BIOCHEM THERAPEUTIC INC.
SP shall diligently file, prosecute and maintain all existing and future patents and patent applications within the Patent Rights including all pending and new patent applications and respond to oppositions filed by third parties against the grant of letters patent for such applications; provided however, BIOCHEM shall reimburse SP for [***] of any expenses including filing, prosecution and maintenance or restoration under SECTION 8.10 of patents under the SP Patent Rights after the Effective Date.
In the first paragraph, the words "BANK OF AMERICA, N.A. ("LENDER") is" shall be deleted and replaced with the words "BIOCHEM PHARMA INC.