POC Completion definition

POC Completion means the completion of in vitro and in vivo screening in animals and humans of (a) different formulations of Lumacan Product and (b) different procedures for the utilization of Lumacan Products in the Initial Indication that, in each case, are sufficient to develop adequate information to allow Salix to reach an informed judgment as to the scientific, regulatory and commercial potential of Lumacan Products.
View Source

Examples of POC Completion in a sentence

  • After the POC Completion, Salix may terminate this Agreement, in whole but not in part, for any reason or no reason, upon [*] ([*]) days’ prior notice to Photocure.

  • Salix shall regularly inform, and shall provide written status updates to, Photocure on a Quarterly basis at the meetings of the Steering Committee of any ongoing and planned clinical trials and other studies and testing by or on behalf of Salix, its Affiliates, or its Sublicensees relating to Regulatory Approvals for Lumacan Products and other Development activities performed by or on behalf of Salix, its Affiliates, or its Sublicensees, including all activities conducted in respect of POC Completion.

  • Section 8.1(a)(i), Photocure confirms that it is able to supply Salix with [*] ([*]) [*] of HAL Active Ingredient, in the form and otherwise as manufactured by [*] for Photocure as of the Effective Date pursuant to the API Supply Agreement, for use by Salix in activities leading to POC Completion.

  • Photocure shall reimburse Salix, up to a maximum aggregate amount of US$3,000,000, in respect of out-of-pocket costs incurred by Salix in respect of any and all Development activities conducted by Salix toward achieving POC Completion.

Related to POC Completion

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.

  • Final Completion means acceptance of the Work by the County as evidenced by its signature upon Final Certificate of Completion and approval thereof by the Board of County Commissioners. The Final Certificate of Completion shall be signed only after the County has assured itself by tests, inspection or otherwise that all of the provisions of the Contract have been carried out to its satisfaction.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • Testson Completion means the tests which are specified in the Contractor agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Completion means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract.