Commercial Milestones definition

Commercial Milestones means the Milestone Events described in Section 8.2.4.
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Commercial Milestones means each of the milestones listed in the first column of the table in item 2 of Schedule 2. Commercially Reasonable Efforts means, with respect to ATL1103, that level of effort and resources (including funds) commonly dedicated by a pharmaceutical company of similar size and resources as Cortendo to the development of a product from its own research efforts of similar commercial potential at a similar stage in its lifecycle to ATL1103, taking into account safety, tolerability and efficacy, product profile (including method of action, labelling, epidemiology), the proprietary position (including intellectual property protection, data or market exclusivity), the then-current competitive environment in the relevant country or jurisdiction, the likely timing of market entry (including timing of exclusivity), market access (including physician access, market and patient dynamics, unmet need), profitability (including taking into consideration costs of good sold, pricing reimbursement) and the regulatory environment (including the regulatory structure), but specifically excluding any consideration for the Milestone Payments. Confidential Information of a Disclosing Party means:
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Commercial Milestones for a Product, has the meaning set out in the applicable Product Schedule;
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Examples of Commercial Milestones in a sentence

  • GSK shall keep (and shall cause each Selling Party to keep) complete, true and accurate books and records in sufficient detail for Zymeworks to determine payments due to Zymeworks under this Agreement, including Development Milestones, Commercial Milestones, and Royalties.

  • All Royalties, Commercial Milestones, and Penn Sublicense Income Share payable shall be calculated first in the currency of the jurisdiction in which payment was made, and if not in the United States, then converted into USD.

  • Following expiration of the Royalty Term for any Licensed Product in a country, no further royalties will be payable in respect of sales of such Licensed Product in such country and, thereafter, the license granted to LANTHEUS under Section 6.1.2 with respect to such Licensed Product in such country will be fully paid-up (other than for any Commercial Milestones earned thereafter), perpetual, irrevocable and royalty-free.

  • Purchaser shall maintain, and shall cause its Affiliates, licensees and sublicensees to maintain, complete and accurate books and records in sufficient detail to permit APIL, at its expense, to confirm the achievement of Development Milestones and Commercial Milestones, and the calculation of Earn-Out Consideration payable under this Agreement and this Exhibit D.

  • Commercial Milestones Aggregate Annual Net Sales Level Achievement of the Licensed Product in the Territory ([*]) Milestone Payment Amount [*] [*] Any milestone payment payable by Grünenthal pursuant to this Section 7.2 shall be made no more than once with respect to the achievement of each such milestone event.


More Definitions of Commercial Milestones

Commercial Milestones means as set forth in Clause 5.1 hereof.
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Commercial Milestones means the specific milestones listed in Clause 4.4 below.
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Commercial Milestones means specific revenue, volume, and profitability goals with respect to sales of Products, Developed ERS Products, and Derivatives arising from a Joint Development Activity.
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Commercial Milestones shall have the meaning given to it in Schedule 2;
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Commercial Milestones means the Milestone Events described in Section 8.2.3.
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Commercial Milestones. The table set forth in Section 6.4 of the Exclusive License Agreement will be replaced in its entirety with the following table: Commercial Milestone Event Commercial Milestone Payment First Commercial Sale of a Product for the treatment of IC [***] in the United States (“Commercial Milestone Event #1”) $[***] First Commercial Sale of a Product for the treatment of the FURI Indication [***] in the United States (“Commercial Milestone Event #2”) $[***] First Commercial Sale of a Product following an approval that includes the CARES Indication [***]in the United States (“Commercial Milestone Event #3”) $[***] First Commercial Sale of a Product for the treatment of IC [***] in at least [***] ([***]) of the following countries: [***] (“Commercial Milestone Event #4”) $[***] First Commercial Sale of a Product for the treatment of the FURI Indication [***] in at least [***] ([***]) of the following countries: [***] (“Commercial Milestone Event #5”) $[***] First Commercial Sale of a Product following an approval that includes the CARES Indication [***] in at least [***] ([***]) of the following countries: [***](“Commercial Milestone Event #6”) $[***] The paragraph set forth immediately below the table in Section 6.4 of the Exclusive License Agreement will be amended to (i) delete the language that “in no event will GSK be responsible for more than an aggregate of One Hundred and Fifteen Million Dollars ($115,000,000) in Commercial Milestone Payments” and (ii) provide that (a) in the event of the achievement of Commercial Milestone Event #1 and either or both of Commercial Milestone Event #2 and Commercial Milestone Event #3, the maximum aggregate amount payable by GSK for such Commercial Milestone Events shall in no event exceed [***]($[***]), (b) in the event of the achievement of Commercial Milestone Event #4 and either or both of Commercial Milestone Event #5 and Commercial Milestone Event #6, the maximum aggregate amount payable by GSK for such Commercial Milestone Events shall in no event exceed [***] ($[***]), (c) a single First Commercial Sale of a Product can trigger the achievement of one (1) or more Commercial Milestone Events if the scope of such First Commercial Sale achieves the requirements of such multiple Commercial Milestone Events and such Commercial Milestone Events have not been achieved prior to such First Commercial Sale, (d) if Commercial Milestone Event #2 and/or Commercial Milestone Event #3 are triggered before Commercial Milestone Event...
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Commercial Milestones has the meaning set out in Section 7.2(c);
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