VELOCIGENE definition
VELOCIGENE means any technology and know-how for genetically engineering pluripotent, embryonic stem, or other cells that involve the deletion, modification, and/or insertion of genetic material from or into such cells.
VELOCIGENE and “VELOCIMMUNE” are used in these defined terms for convenience only, it being understood that REGENERON may use any other brand name for the products and technologies referred to in this AGREEMENT.
Examples of VELOCIGENE in a sentence
Notwithstanding the foregoing no royalties shall be payable to CELLECTIS under this subsection (b) under the following circumstances: NET SALES of VELOCIGENE PRODUCTS or VELOCIGENE SERVICES (i) pursuant to any agreement made with THIRD PARTIES receiving VELOCIMMUNE PRODUCTS or VELOCIMMUNE SERVICES subject to the royalty obligations in subsection 3(c) below, or (ii) pursuant to any of the SPECIAL AGREEMENTS.
So if 101 VELOCIGENE PRODUCTS were transferred to THIRD PARTIES in a calendar year, REGENERON would be required to pay CELLECTIS a success fee of *********.