Phase 3 Development definition
Examples of Phase 3 Development in a sentence
Subject to Section 3.1.7, AbbVie shall pay Ablynx a one-time amount equal to […***…] percent ([…***…]%) of the actual Development costs incurred by Ablynx pursuant to the RA Phase 3 Development Plan through the later of the date AbbVie (i) proceeds with the In-Licensing, or (ii) subject to Section 6.2.1(iii)(c), initiates Development of the Licensed Compound for RA (“RA Phase 3 Payment”).
Notwithstanding the foregoing, disputes related to the […***…] Development Plan and RA Phase 3 Development Plan shall not be subject to the escalation procedures set forth in this Section 2.4.3. Disputes arising between the Parties in connection with or relating to this Agreement or any document or instrument delivered in connection herewith, and that are outside of the jurisdiction of the JSC, shall be resolved pursuant to Section 13.8.
For purposes of clarity, to the extent the license grants set forth in Sections 5.3.3 and 5.3.4 are granted to Ablynx, such grants shall terminate immediately upon completion or termination of Ablynx’s activities pursuant to the […***…] Development Plan or RA Phase 3 Development Plan, respectively.
Phase 1: Conceptual/Business Plan Phase 2: Master Plan, Land Use, Site Securement, Design/Engineering Phase 3: Development and Construction Phase 4: Operations Work Plan and Budget Process for Core Partners CORE3 operates on a July 1 through June 30 fiscal year (FY).
This MOU shall be effective as of the date of the last signature below and shall terminate upon the completion of the Tasks described in Phase 3 Development Framework Scenario Selection and Implementation Roles and Responsibilities above.
If the Parties are unable to agree on whether an amendment to the RA Phase 3 Development Plan would affect or could reasonably be expected to affect AbbVie’s interests in the Initial Indications pursuant to this Agreement, then such amendment shall be referred to the JDC for further discussion.
Except as otherwise set forth in the Global Development Plan and Section 3.1.3(e) below, DS shall conduct all Phase 3 Development Activities (including, without limitation the conduct of any Phase 3 Clinical Trials).
Except as otherwise set forth in the Global Development Plan, the Parties shall collaborate in the conduct of all Phase 3 Development Activities (including, without limitation the conduct of any Phase 3 Clinical Trials), and each Party shall conduct the Phase 3 Development Activities specified as its responsibility in any Global Development Plan.
The initial Phase 3 Development Budget is attached hereto as Exhibit G.
In the event the Parties are unable to agree despite good faith discussions upon the RA Phase 3 Development Plan, neither Party shall have the right to resolve the dispute unilaterally or through ADR and the proposed RA Phase 3 Development Plan shall be deemed rejected.