Designated Compound definition
Examples of Designated Compound in a sentence
University hereby agrees not to, nor shall it permit any third party to, use directly or indirectly any quantity of Designated Compound so received from BMS beyond such specified purposes and scope of use.
Penn acknowledges that, for purposes of this Agreement, all Designated Compound in Penn’s possession as of the Effective Date will be treated as “Penn Materials” hereunder.
In addition, BMS shall ensure for itself and its Affiliates and transferees that each sublicense agreement with a sublicensee (unless such sublicensee is a University transferee or Licensee Entity) under the Grant-back Licenses requires that such sublicensee not, and not permit any of such sublicensee’s Affiliates or (direct or indirect) sublicensees to, make, have made, import, sell, offer to sell, use, develop or commercialize any such compound (including Designated Compound) within the Designated Field.
The payments provided for under this Section 4.3 shall only be payable once upon the first achievement of the indicated milestone with respect to Designated Compound and/or Licensed Product developed against a particular Target and no additional payments shall be due on subsequent or repeated achievement of the same milestone for another Designated Compound and/or Licensed Product developed against the same Target.
With respect to the Program Intellectual Property described Section 3.3(a)(i), such determination shall be made having reference to the likelihood that seeking patent protection will adversely effect future filings by OGS with respect to new chemical entities based upon such Designated Compound (or such Selected Compounds if the period for designation has not then expired).
In addition, should OGS require NeoGenesis to conduct any lead optimisation services in respect of any Designated Compound, the parties shall meet to discuss the terms upon which NeoGenesis would be willing to provide such services.
Any restrictions with respect to an undesignated Designated Compound shall expire and NeoGenesis shall be permitted to use such undesignated Designated Compound for any purpose not otherwise prohibited by this Agreement.
All oversight activities and governance rights of the Steering Committee shall terminate, on a compound by compound basis, on a compound has been designated as a Designated Compound.
As such NovaDel shall present Licensee with a suitable formulation for a Designated Compound approved by Candidate Committee no later than the targeted timeframes for formulation of Designated Compound as presented in Exhibit 1.
In the event of an assignment of all right title and interest in such undesignated Designated Compound, NeoGenesis shall reimburse Celltech for all reasonable costs associated with filing, prosecuting or maintaining such patents or patent applications.