Licensed ETB definition

Licensed ETB means (a) any Development Candidate with respect to which Vertex has exercised the applicable Option and paid the Option Exercise Fee in accordance with this Agreement, and (b) any derivatives, improvements or modifications thereof developed by or on behalf of either Company or Vertex under this Agreement during the Term.
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Examples of Licensed ETB in a sentence

  • If any Third Party brings a claim or otherwise asserts that any ETB directed against a Collaboration Target, any Development Candidate, any Licensed ETB or any Licensed Product infringes such Third Party’s Patent or misappropriates such Third Party’s Know-How (each, a “Third Party Infringement Claim”), the Party first having notice of the claim or assertion will promptly notify the other Party in writing.

  • Company will not make any submissions to any Regulatory Authority with respect to a Licensed ETB or Licensed Product.

  • During the Term following the License Effective Date with respect to a Development Candidate, Company will not make any academic, scientific or medical publication or academic, scientific or medical public presentation related to such Development Candidate, any corresponding Licensed ETB or Licensed Product, the applicable Vertex Target or any activities conducted pursuant to this Agreement with respect to such Vertex Target, without the prior written consent of Vertex.

  • On a Licensed ETB-by-Licensed ETB basis, following the License Effective Date for such Licensed ETB, as between the Parties, Vertex will have the sole right and responsibility to obtain patent term extension in any country in the Territory under any statute or regulation equivalent or similar to 35 U.S.C. § 156, where applicable to the corresponding Licensed Products for such Licensed ETB.