Early Lead definition
Examples of Early Lead in a sentence
SGX further acknowledges that CFFT may elect to invest additional funds in the continued development of the Structure Data or a Lead Series or Early Lead Series prior to seeking a sublicensee and that CFFT will seek a sublicensee either directly or indirectly after delivery by SGX of a Lead Series, Early Lead Series or Structure Data or at any point thereafter.
At CFFT's request, SGX shall promptly furnish the Structure Data, Early Lead Series and Lead Series to CFFT in such form as will allow CFFT to exercise its rights hereunder.
In the event that CFFT fails to exercise its good faith efforts to develop and commercialize a Collaboration Product within [...***...] years after the Completion Date, the rights to the Structure Data, Early Lead Series and Lead Series granted to CFFT pursuant to Section 4.1 shall revert to SGX and SGX thereafter shall have the right to develop, manufacture, make, have made, import, use, distribute, offer for sale and sell Collaboration Products.
Collaboration Technology (other than that which constitutes SGX Background Technology) covering Early Lead Compounds, SGX Co-Crystal Structures containing Early Lead Compounds, and Serono Co-Crystal Structures shall be deemed to be Confidential Information of Serono.
Notwithstanding the above, Roche will have the right at its sole discretion to discontinue development of an Early Lead Series and/or commercialization of a Collaboration Product in any country on written notice to SGX, subject to Section 4.6.
After the expiry of the Collaboration, Roche shall destroy all chemical materials within the SGX Materials received from SGX and not designated as Early Lead Series under this Agreement.
Roche shall have the right, but not the obligation, to institute, prosecute and control any action or proceeding with respect to infringement of patents within Roche Background Technology or compounds within Early Lead Series'.
Roche may sublicense the rights granted in Section 4.1 to its Affiliates and to Third Parties who are bona fide collaborators of Roche with respect to the Early Lead Series for which rights are being sublicensed.
At each Party's expense, patent counsel or any other representative designated by each Party will meet (in person, by telephone or videoconference) upon request by either Party, unless otherwise agreed in writing, during the Term of the Collaboration, and the pendency of any Early Lead Patents, to coordinate, discuss, review and implement patent filing and prosecution strategy.
During the term of this Agreement, Roche will keep SGX informed of its activities in connection with the development of Early Lead Series' and Collaboration Products, including without limitation, the achievement of events under Section 3.3. On a half-yearly basis up to Initiation of Phase 1 trials, and on a yearly basis thereafter during the term of the Agreement, Roche will provide SGX with a written summary report detailing such events and activities.