EPIX definition
Examples of EPIX in a sentence
If MGH notifies EPIX of its intention to abandon the prosecution of any patent applications under the MGH Patent Rights or of its intention to refrain from making any payment or taking any other action necessary to obtain or maintain a patent under the MGH Patent Rights, EPIX will thereafter, at its expense, take all action necessary or appropriate to prosecute and/or maintain such MGH Patent Rights in the Territory.
In the event that DYAX offers broad, non-exclusive licenses to one or more third parties under its phage display patent rights in the Imaging Field, DYAX agrees to notify EPIX and offer EPIX such license on the same terms as being offered to others.
DYAX and EPIX shall mutually agree upon any publication, whether oral or in writing, of the results of the Research Program, MRI Development Program and RadioPharma Development Program.
The payments shall be made to EPIX on a quarterly basis, within 45 days after the end of each quarter.
The parties shall review the budget against actual FTE costs and external costs on a monthly basis at the Steering Committee, with the applicable adjustment made to the next invoice to EPIX.
Each party shall maintain complete and accurate records relating to the DYAX Revenues and EPIX Net Sales, as applicable, including of all payments received from third parties, product sales and product development costs which are necessary for the accurate calculation of the amounts due the other party in this Article 4.
In the event of such termination by EPIX, all rights and obligations of EPIX hereunder, including rights to any Thrombus Ligands, shall cease, except for the right to receive payments and reports under Article 4 hereunder with respect to RadioPharma Products.
The relationship of EPIX and Schering established by this Agreement is that of independent contractors, and nothing contained in this Agreement shall be construed to give either Party the power to direct or control the day-to-day activities of the other, or allow one Party to create or assume an obligation on behalf of the other Party for any purpose whatsoever.
In the event of such termination by EPIX, DYAX shall have the right to continue the research and development of Thrombus Ligands, with no payment obligations to EPIX.
Additionally, DYAX and EPIX shall mutually agree upon any press release or similar public disclosure concerning this Agreement.