Milestone Compound definition
Examples of Milestone Compound in a sentence
If Biogen Idec ceases all clinical development of a particular Milestone Compound that is specifically directed at a particular Milestone Target, after having made one or more of the payments due under Section 7.4.1 above on the achievement of a particular milestone by such Milestone Compound, there shall be no payment due upon the accomplishment of that same milestone with respect to the next Milestone Compound that is specifically directed at the same Milestone Target to achieve such milestone.
Such milestone payments shall be due with respect to each Optimization Compound or Derivative to meet such milestone (each a "Milestone Compound"); [ * ].
As used herein “Indication” shall mean a disease or condition for which approval for use of a Milestone Compound can be sought from the FDA or a regulatory authority or agency of a country other than the United States with responsibilities comparable to those of the FDA.
Milestone Compound, in each case before a prior research milestone under Section 7.3 or a prior development milestone under Section 7.4.1 for such Milestone Target or Milestone Compound, respectively, then the earlier milestone payments shall then also be due with respect to such Milestone Target or Milestone Compound, as the case may be.
If a research milestone for a Milestone Target under Section 7.3 above is achieved with respect to such Milestone Target, or a development milestone for a Milestone Compound under Section 7.4.1 above is achieved with respect to such { * } = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, IS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
Regulatory Approval in the U.S. of such Milestone Compound: $ 8,000,000 $ 6,000,000 8.
Such milestone payments shall be due with respect to each C3 Optimization Compound or Derivative to meet such milestone (each a "Milestone Compound"); [ * ].
Filing of a NDA in the U.S. for such Milestone Compound: $ 5,000,000 $ 3,750,000 } {5.
Filing of a NDA in Japan for such Milestone Compound: $ 2,000,000 $ 1,500,000 7.
Initiation of the first Phase I trial for such Milestone Compound in any country (for purposes of Section 7.4.2, a “Forgiven Milestone”): $ 1,000,000 N/A 2.