Selected Products definition
Examples of Selected Products in a sentence
The Parties have previously entered into that certain Option and License Agreement, dated as of September 4, 2019 (as may be amended, the “Option Agreement”), pursuant to which, among other things, GCLC has granted to Artiva an exclusive option to obtain an exclusive license under Selected Product Technology to develop, manufacture and commercialize Selected Products in the Field in the Territory (each term as defined in the Option Agreement) (the “Option”).
As between the Parties, Artiva (or its Affiliate or Sublicensee) shall hold legal title to all Regulatory Materials with respect to Exercised Selected Products and other Licensed Products developed within the Territory.
In furtherance of the research and development activities of the Parties, Artiva hereby grants to GCLC an option to obtain an exclusive, royalty-bearing license to use all necessary Information from Artiva’s pre-clinical and clinical development activities with Selected Products, conducted by or on behalf of Artiva, solely for purposes of filing for and obtaining Regulatory Approval for Licensed Products outside of the Territory.
As part of the R&D Program, the Parties shall, through the JSC, review the status of Selected Products and assess Information with respect to Selected Products so that the JSC may determine whether any Selected Product nominated by GCLC as a potential Option Candidate meets the Option Candidate Criteria.
Subject to the terms and conditions of this Agreement, GCLC shall perform a program of discovery, research and preclinical development and manufacture of Selected Products to generate and identify Option Candidates (the “R&D Program”).