Novel Target definition

Novel Target means a mammalian orthologue of a Selected Target, which orthologue (a) was identified by or on behalf of Exelixis pursuant to work conducted under the Mode of Action Program [*] BMS Compound [*] Selected Target [*] Novel Targets [*] Unlinked Related [*], Known Targets [*] Confirmed Targets.

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Novel Target. [ * ] "Unlinked Related Target", [ * ] Known Target for the purposes of the economics and other rights and obligations under the Agreement, under one of the circumstances set forth below:

Novel Target means any Mammalian Target that is not a Known Target.

Examples of Novel Target in a sentence

For each Compound Product comprising or incorporating a Collaboration Compound that, directly and selectively, inhibits, activates or otherwise modulates the activity of a Novel Target or its encoded protein, BMS shall pay Exelixis a royalty equal to [ * ] of the Net Sales of such Compound Product.
Subject to the terms of this Agreement, Exelixis hereby grants BMS an exclusive (subject to Sections 4.12 and 7.2), worldwide, royalty-bearing license (with the right to sublicense) under any and all Novel Target Patents that, but for the license granted hereunder, would be infringed by the manufacture, use or sale of Gene Products and other Biotherapeutics, solely to discover, research, develop, import, use, sell, offer for sell, and commercialize Gene Products and Biotherapeutic Products.
For each Gene Product comprising or incorporating the gene product of a Novel Target or a mutein or fusion protein based thereon, BMS shall pay Exelixis a royalty equal to [ * ] of the Net Sales of such Gene Product.
For each Diagnostic Product that is based upon the detection of [ * ] of, a Novel Target, BMS shall pay Exelixis a royalty equal to [ * ] of the Net Sales of each such Diagnostic Product.
For each Pharmacogenomic Product that is based upon the detection of [ * ] of, a Novel Target, BMS shall pay Exelixis a royalty equal to [ * ] of the Net Sales of each such Pharmacogenomic Product.
Notwithstanding the foregoing, the rights of any permitted assignee of ALNYLAM's rights to practice any of MERCK's intellectual property, including but not limited to MERCK RNAi Patent Rights, MERCK RNAi Technology and MERCK RNAi Novel Target IP, shall remain subject to the limitations set forth in this Agreement.
The activities to be undertaken in the course of the Therapeutic Collaboration for each MERCK RNAi Novel Target shall be set forth in a detailed workplan promptly after ALNYLAM has selected such MERCK RNAi Novel Target as provided in Section 2.14.2(3).
After selecting a MERCK RNAi Novel Target, ALNYLAM shall use commercially reasonable efforts to develop an RNAi Therapeutic Product directed at such MERCK RNAi Novel Target.
MERCK shall provide ALNYLAM with a worldwide, royalty-free, Co-exclusive license, sublicensable to Affiliates, MERCK Collaboration Inventions to MERCK RNAi Novel Target IP solely to perform its obligations under the Therapeutic Collaboration to develop and commercialize the Therapeutic Collaboration Product.
With respect to any action or defense provided for in this paragraph (a), ALNYLAM shall not admit the invalidity or unenforceability of any MERCK RNAi Patent Rights, MERCK RNAi Novel Target IP or Joint Collaboration Patent Rights without the prior written consent of MERCK.

More Definitions of Novel Target

Novel Target means a Therapeutic Target which, as of the time of the initial nomination by AbbVie of the corresponding TCR Target as a potential Accepted Target, [***].

Novel Target means any Target that the JSC determines has not been described in the scientific literature as being a suitable drug target for immunotherapy, prior to selection as a Collaboration Target.