Licensed Compound definition
Examples of Licensed Compound in a sentence
Neither Party may publish peer reviewed manuscripts, or give other forms of public disclosure such as abstracts and presentations, of results of studies carried out under this Agreement or otherwise pertaining to the Development of the Licensed Compound or Licensed Products in the Field in the Launxp Territory, without the opportunity for prior review and comment by the other Party in accordance with this Section 12.4, except to the extent required by applicable laws.
Launxp International hereby grants to Apollomics an irrevocable, perpetual, royalty-free, fully paid-up, worldwide, non-exclusive license, with the right to grant sublicenses, under such Data and Regulatory Materials generated and owned by Launxp International to Develop, Manufacture and Commercialize each Licensed Compound or Licensed Products in any field of use, but excluding the Field.
For clarity, any and all Apollomics Inventions that are Controlled by Apollomics and reasonably necessary for the Development and Commercialization of the Licensed Compound and Licensed Product in the Field in the Launxp Territory shall be included in the Apollomics Technology licensed to Launxp International under Section 2.1(a), including any Patent rights therein.
The Development Plan shall include all material clinical studies and regulatory activities with respect to the Licensed Compound and Licensed Products to be conducted by or on behalf of Launxp International or its Affiliates or permitted Sublicensees in the Launxp Territory, as necessary to obtain Regulatory Approval for the Licensed Product in the Launxp Territory.
If Launxp International elects to commence a suit to enforce the applicable Launxp Patent against such Infringement, where such Infringement relates to the Commercialization in the Launxp Territory of unauthorized products containing the Licensed Compound, then Apollomics shall have the right to join such enforcement action upon notice to Launxp International, and in this case the Parties shall share the cost and expense of such enforcement action equally.