QD Product definition
Examples of QD Product in a sentence
Kadmon will use Commercially Reasonable Efforts to complete QD Product Development and will conduct such activities in accordance with Applicable Laws (including, to the extent applicable, current good clinical practices, current good laboratory practices, and current good manufacturing practices) and sound and ethical business and scientific practices.
Kadmon is responsible at its own cost, either by itself or via subcontractors, for undertaking the development activities necessary to obtain Regulatory Approvals for QD Product (“QD Product Development”).
Kadmon shall update AbbVie on a Calendar Quarter basis, and from time-to-time upon AbbVie’s request, regarding the progress of the QD Product Development; provided that AbbVie shall have no financial or other obligations with respect to the performance of QD Product Development, other than milestone payments under Section 6.2.
In the event AbbVie pays to Kadmon the performance milestone described in Section 6.2.2, then within *** (***) days after such payment, the Parties shall negotiate in good faith with a view to entering into a co-promotion agreement with respect to QD Product in the Territory on terms mutually acceptable to the Parties.
To the extent Kadmon has any Intellectual Property Rights or Patent Rights related to QD Product, Kadmon agrees not to enforce such Intellectual Property Rights or Patent Rights against AbbVie in the event that AbbVie develops and/or Commercializes once daily immediate release formulation Ribavirin tablets for patients.