Commercial Launch definition
Commercial Launch means, with respect to a Product, the first commercial sale of such Product to a Third Party occurring after Regulatory Approval for such Product.
Commercial Launch means the first shipment of the Product in commercial quantities for commercial sale to a third party in the Territory after receipt of all applicable regulatory approvals therefor.
Commercial Launch means the first commercial sale of a Licensed Product to a Third Party following Regulatory Approval in a relevant country in the Territory.
Examples of Commercial Launch in a sentence
If the closing price of SCTH’s common stock equals or exceeds $40.00 per share for fifteen consecutive Trading Days, any remaining unearned Tranches may become earned only if Qstak has fully performed its material obligations under this Agreement, is not then in material breach, and Commercial Launch has occurred.
More Definitions of Commercial Launch
Commercial Launch means the first commercial sale of a Product by or on behalf of Coronado or its Affiliates or a licensee to an independent third party for human therapeutic or prophylactic use after receipt of Regulatory Approval for such Product. A sale for clinical trial, research, development, test marketing, sampling, promotional, compassionate use, or resale purposes will not be considered a first commercial sale.
Commercial Launch means the initial First Commercial Sale of a Product in the Territory.
Commercial Launch means the nationwide commercial sale, promotion and distribution of POZEN Product in the Territory following receipt of Marketing Approval in the Territory.
Commercial Launch means nationwide launch of commercial sale, promotion and distribution of a Licensed Product in the Territory following Marketing Approval for such Licensed Product.
Commercial Launch means, with respect to a Product, the first commercial sale in the Territory of such Product by Par, its Affiliate or a permitted sublicensee, as the case may be, to a Third Party.
Commercial Launch means the first commercial sale of the Product in any country of the Territory.
Commercial Launch means the first sale of the Product by QIAGEN or its Affiliate for a commercial purpose (i.e., revenue) to a third party in the Territory. For the sake of clarity, Commercial Launch excludes prototype purchases, customer evaluations prior to launch, and units distributed for use in clinical trials and includes a sale of an [*] to a Laboratory Licensee as permitted under Section 6.11.