Compound Patent definition

Compound Patent means a patent or patent application claiming an invention or discovery specific to a Lead Compound and a genus of compounds reasonably expected to have the same or similar activity, which Lead Compound or genus of compounds result from the use of a Research Assay.

Compound Patent means a Patent claiming an invention or discovery arising from the Research Program which is specific to the composition or use of a Compound or a Compound Series.

Compound Patent means any Patent filed by Novartis and covering molecules of an Optioned Lead Program Compound or a Derivative Compound. For the avoidance of doubt, any subsequent Patent Controlled by Novartis covering, without limitation, the manufacture, use or formulation of such molecules shall not be within the definition of Compound Patent.

Examples of Compound Patent in a sentence

• Merck shall promptly give notice to Licensee of the grant lapse, revocation, surrender, invalidation or abandonment of any Compound Patent Rights licensed to Licensee for which Merck is responsible for the prosecution and maintenance under this Agreement.

• If Licensee does not obtain a discontinuance of a commercially material infringement or alleged commercially material infringement of a Compound Patent Right or Joint Patent Right in a particular country, or bring suit against the Third Party infringer or alleged Third Party infringer, in each case within [***] ([***]) months of receiving notice thereof, then Merck shall have the right to enforce any such patent and control, and litigate and/or settle such suit as set forth herein.

• In the event that either Licensee or Merck becomes aware of any alleged or threatened commercially material infringement in a country in the Territory of any issued patent within the Compound Patent Rights or Joint Patent Rights, it will notify the other Party in writing to that effect.

• Subject to the terms and conditions of this Agreement, Merck hereby grants to Licensee an exclusive (even as to Merck and its Affiliates), royalty bearing license in the Territory in the Field, with the right to grant sublicenses as provided herein, under the Compound Patent Rights and the Merck Know-How, to Develop, make, have made, use, import, export, Commercialize, sell, offer for sale, and market the Licensed Product in the Field in the Territory during the Term.

• For a period of [***] after the Effective date, Merck will not grant any further licenses to any Third Party under the Compound Patent Rights and the Merck Know-How, to Develop, make, have made, use, import, export, Commercialize, sell, offer for sale, or market the Licensed Compound or the Licensed Product for acceleration or promotion of healing of wounds (including chronic wounds), the prevention or reduction of scarring, or the treatment or prevention of fibrotic disorders; in the Territory.

More Definitions of Compound Patent

Compound Patent means United States Patent 6,399,621 granted on June 4, 2002, which patent claims the Compound.

Compound Patent means any Patent or Patent application listed on Schedule a that claims an Oxazolidinone Compound and that is Controlled by Versicor as of the Effective Date, and any continuation, continuation-in-part (to the extent the claims of such application claim subject matter disclosed in the patent application), divisional, reissue, reexamination or extension of any of the foregoing Patents or Patent Applications.

Compound Patent means BMS Existing Compound Patents and Collaboration Compound Patents. *** 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.

Compound Patent means any patent application filed by or on behalf of Warnxx-Xxxxxxx xxx/or Axys under Section 5.2(b) that claims an Axys Compound or a Warnxx-Xxxxxxx Xxxpound and all patents issuing from such applications, and including any reissues, reexaminations, or extensions of such patents.

Compound Patent means BMS Existing Compound Patents and Collaboration Compound Patents.*** 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.6

Compound Patent means patents and patent applications covering the composition, use, or method of preparation, of any Compound, filed after the date of synthesis of such Compound hereunder, whether foreign or domestic, all patents arising from such applications, and all patents and patent applications based on, or claiming or corresponding to the priority dates, of -1 any of the foregoing and any renewals, reissues, extensions, (or other governmental actions that provide exclusive right to the owner thereof in the patented subject matter beyond the original expiration date), substitutions, confirmations, registrations, revalidations, reexaminations, additions, continuations, continued prosecutions, continuations-in-part or divisions of or to any of the foregoing, including, without limitation, supplementary protection certificates or the equivalent thereof.

Compound Patent means a patent or patent application claiming an invention or discovery made pursuant to the Target Collaboration, which is specific to a lead compound and a genus of compounds reasonably expected to have the same or similar activity. Patentability of a Compound Patent is premised on the activity of the lead compound(s). A Compound Patent may include claims to the compounds per se, methods of making the compounds, methods of using the compounds, formulations and the like, as appropriate.