Licensed Compounds definition
Examples of Licensed Compounds in a sentence
Vir Bio shall, and shall cause its Affiliates and its and their Sublicensees to, maintain, in good scientific manner, complete and accurate books and records pertaining to Development of Licensed Compounds or Licensed Products hereunder, in sufficient detail to verify compliance with its obligations under this Agreement.
If a Third Party asserts that a Patent or other intellectual property right (other than Trademarks) owned or controlled by such Third Party is infringed or misappropriated by the Exploitation of the Licensed Compounds or Licensed Products (a “Third Party Infringement Claim”), the Party first obtaining knowledge of such Third Party Infringement Claim shall immediately provide the other Party notice of such Third Party Infringement Claim along with the related facts in reasonable detail.
Within [***] after the Effective Date, the Parties shall enter into one (1) or more pharmacovigilance agreement(s) (“Pharmacovigilance Agreement”), which shall set forth the Parties’ respective obligations surrounding pharmacovigilance for the Licensed Compounds and Licensed Products, including the exchange of Safety Information and reporting obligations to Regulatory Authorities in accordance with Applicable Law and the maintenance and control of the global safety database.
Except as otherwise agreed by the Parties under this Agreement, Vir Bio shall have the sole right to Develop the Licensed Compounds and Licensed Products.
Upon Vir Bio’s request and if permitted by the applicable Regulatory Authority, Licensee shall allow Vir Bio to attend meetings between Licensee and any Regulatory Authority in the Territory relating to the Licensed Compounds or Licensed Products (but not those in respect of, or in connection with, Pricing Approval).