Validated Hit definition

Validated Hit means a Collaboration Hit, Special Collaboration Hit or Non-Field Hit that has met the criteria for validation set forth in the Research Plan. For purposes of this Agreement, (i) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without limitation,” (ii) the word “or” is not exclusive, (iii) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to this Agreement as a whole, and (iv) each definition shall be equally applicable to the singular and plural forms of the terms defined. Unless the context otherwise requires, references herein: (A) to Sections and Schedules mean the Sections of and Schedules to this Agreement; (B) to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; and (C) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. The Schedules referred to herein shall be construed with and as an integral part of this Agreement to the same extent as if they were set forth verbatim herein.

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Validated Hit means a small molecule that has shown activity against a Target in primary screening as part of the Research Collaboration.

Validated Hit shall be limited solely to Collaboration Hits identified in a Project Discovery Round that have met the criteria for validation of such type of Collaboration Hit as set forth in the Research Plan.

Examples of Validated Hit in a sentence

Each Special Collaboration Hit that undergoes Core Validation or Model Plant Validation shall constitute a Collaboration Hit hereunder, regardless whether such Special Collaboration Hit qualifies as a Validated Hit.
The Research Plan may include a general overview and timetable for development and implementation of the Funded Project, details regarding the Evogene Diligence Obligations and the Monsanto Diligence Obligations, schedules for deliverables, test protocols and procedures, thresholds for determination of a Validated Hit, procedures for disclosing and delivering Collaboration Hits, Special Collaboration Hits, and Preferred Modes of Use to Monsanto, and descriptions of other research activities.
Phytera also agrees to deliver all Extracts on a timely basis and to conduct NPCII on Validated Hit Extracts and all other actions required of it in connection with the Program expeditiously and in a scientifically sound manner.
The Parties shall jointly own all discoveries, information, technology or inventions made or created jointly by employees, agents or consultants of both Parties during the course of their performance under the Collaboration Program and all intellectual property rights related thereto, without regard, in the case of Validated Hits and Program Products, to whether a Knoll Substance or Tularik Substance was selected as a Validated Hit upon which Program Products may be based.
Amgen shall pay Anadys a one-time research milestone payment of [...***...] Dollars ($[...***...]) within thirty (30) days after Amgen selects, by written notice to Anadys, the first Validated Hit (regardless of whether such Validated Hit is an Amgen Library Validated Hit or an Anadys Library Validated Hit) for Phase 3.
Amgen may, in its sole discretion and acting in good faith, designate as a Lead Compound any Validated Hit or any Derivative of a Validated Hit.
In the event that Amgen designates as a Lead Compound an Anadys Library Validated Hit that had not been previously deemed an Amgen-Selected Validated Hit, such Anadys Library Validated Hit shall become an Amgen-Selected Validated Hit and shall be subject to Compensation under Section 5(i) of this Agreement.
Amgen shall pay Anadys $[...***...] for each such Amgen-SelecTed Validated Hit within thirty (30) days of the foregoing written notice or written notice under Section 3(b) above.
If so, the Committee shall then designate between [ ]* Extracts that have been determined to possess Requisite Activity as Validated Hit Extracts.
Within 30 days of the --------------------------- Committee designation of Validated Hit Extracts, the Parties will proceed to conduct NPCII activities on the Validated Hit Extracts.

More Definitions of Validated Hit

Validated Hit means a Library Compound or Research Compound that agonizes or antagonizes a Program Target in confirmatory screening of Hits as part of the Research Program.

Validated Hit means an Anadys Library Validated Hit or an Amgen Library Validated Hit.

Validated Hit means a Hit that substantially demonstrates:

Validated Hit means [***].

Validated Hit means an Anadys Library Compound or an Aphoenix Library Compound that in a Target Assay yields results that meet the Target Assay Criteria.