Examples of Phase III Completion Date in a sentence
If ROCHE has paid an Option Extension Fee for a Product, $5,000,000 shall be credited against the Development Costs reimbursable by ROCHE at the time of the exercise of the option following receipt of notice of the Phase III Completion Date.
If Roche exercises its option for a Product after notice of the Phase III Completion Date for that Product, no Global Development Costs will be shared for the completion of any clinical development or filing or preparation necessary for either Party's Registration for the indication which was the subject of the Phase III Trial related to the Phase III Completion Date.
Except for Genentech Products for which ROCHE exercises its option granted under Section 2(b) of Article II after the Phase III Completion Date, ROCHE shall pay GENENTECH a royalty of twelve and one-half percent (12.5%) on the first $100 million in aggregate Net Sales of each Genentech Product in the Roche Territory and a royalty of fifteen percent (15%) on aggregate Net Sales of such Genentech Product in excess of $100 million.
For Genentech Products for which ROCHE exercises its option granted under Section 2(b) of Article II after the Phase III Completion Date, ROCHE shall pay GENENTECH a royalty of fifteen percent (15%) on all Net Sales of such Genentech Product.
If ROCHE fails to exercise its option for a license for such Product within 60 days of the notice to ROCHE of the Phase III Completion Date, GENENTECH thereafter shall be free to develop, make, have made, use, sell and market (including the right to promote and detail) such Product in the Roche Territory in any manner it chooses, including by means of a license to one or more third parties, and free of any restrictions under Section 3.07 of the Governance Agreement.
Reduced Milestone Payments Aggregate Milestone Payment -------------------------------------------------- Start of Ragweed Phase Start of Ragweed Phase III Clinical Trial III Clinical Trial Delayed Until After Delayed Until After Event February 1, 2005 February 1, 2006 ----- ---------------------- ------------------- Phase III Completion Date for Ragweed Product .......
If Buyer develops Phase III, then after the Phase III Completion Date, Buyer shall pay to ORA a sum equal to 20% of the Phase III Net Profit less any amounts paid to ORA pursuant to Section 9.2(c).