Examples of PRC Territory in a sentence
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Company and BeiGene desire to enter into this Agreement setting forth (i) BeiGene’s exclusive license from Company under Company Technology to Develop and Commercialize Collaboration Compound and Product in the Field in the PRC Territory, in exchange for royalties, and (ii) an option and a right of first negotiation to Company with respect to a license of the rights to research, Develop, Manufacture and Commercialize the Collaboration Compound and Product in the PRC Territory.
BeiGene shall apply for national priority project status in the PRC Territory under the twelfth or thirteenth five-year plan of the People’s Republic of China (“12-5 Status”) for its BGB-290 PARP Program.
BeiGene may publish in the PRC Territory any information relating to the Collaboration Compound or Product that does not constitute Confidential Information of Company, without the prior written consent of Company.
In partial consideration of Company’s grant of the rights and licenses to BeiGene hereunder, BeiGene shall pay to Company a royalty of [...***...] ([...***...]) on aggregate annual Net Sales of all Products in the PRC Territory for each Calendar Year during the Royalty Term.
According to the schedule, over 6,000 SFAs are to be delivered to the facility in 2017.In 2016, the second section of the “dry” storage facility designed for WWER-1000 and RBMK- 1000 SNF was commissioned.
In the event BeiGene undergoes a Change of Control, and the Other License Agreement has not expired or been terminated at the time of the Change of Control, Company shall have a right to obtain a license under BeiGene Technology to research, Develop, Manufacture and Commercialize Products in the Field in the PRC Territory (the “PRC Commercialization Right”) as set forth below.
If at any time legal restrictions prevent the remittance by BeiGene of all or any part of royalties due on Net Sales, BeiGene shall have the right and option to make such payment either by depositing the amount thereof in local currency to an account in the name of Company in a bank or other depository selected by Company in the PRC Territory.
In May 2018, the Company achieved the milestone related to its collaboration agreement with Merck KGaA for dosing patients in the first Phase 3 clinical trial of pamiparib in the PRC Territory, and the related US$1,500,000 milestone payment was recognized as research and development services revenue for the six months ended June 30, 2018.
The intention to encourage this approach through the dissemination of experiences and data was enthusiastically welcomed by the security and defence institutions of the Carib- bean countries involved, which wilfully furnished information and generously gave their time to cooperate in shaping what we present herein.