Examples of CliniChem Product in a sentence
Such license is limited, for each CliniChem Program and each CliniChem Product, to the Field of Use designated on Exhibit C.
CliniChem's Board of Directors shall consult with BioChem and shall review with BioChem from time to time BioChem's ongoing activities on behalf of CliniChem and the progress toward completion of the activities under the Work Plans for each CliniChem Program, including without limitation, the status in each country for each CliniChem Product for which marketing clearance is being sought.
In any case, BioChem, BV and TII must each exercise its applicable Product Option for a particular CliniChem Product in a particular country prior to the first commercial sale of such product in such country by BioChem, BV, TII or any of their Affiliates, licensees, distributors or marketing partners.
During the term of this Agreement, each party shall promptly inform the other party of any information that it obtains or develops regarding the efficacy or safety of a CliniChem Product and shall promptly report to the other party any information or notice of adverse or unexpected reactions or side effects related to the utilization or medical administration of a CliniChem Product.
BioChem shall promptly notify CliniChem of the first commercial sale of any CliniChem Product or Developed Technology Product in any country.
To the extent that BioChem, BV or TII does not exercise its Product Option with respect to any CliniChem Product, CliniChem will retain exclusive rights (subject to pre-existing third-party rights and subject to the receipt of certain third-party consents, as set forth in the Technology License Agreement) to develop and commercialize such CliniChem Product.
After such time as the Product Option for a CliniChem Product in a country expires unexercised as to such country, no additional Available Funds shall be expended for the research or development of such CliniChem Product for sale in such country without the consent of the Board of Directors of CliniChem.
BioChem shall notify CliniChem within five (5) business days after BioChem receives notice of clearance to market any CliniChem Product in any country.
BioChem, BV or TII shall exercise its Product Option by delivering to CliniChem, within the time period described in Section 2.2 above, a written notice of exercise specifying the CliniChem Product and the country or countries as to which the Product Option is exercised (the "Territory").
CliniChem agrees that no license, sale or other commercialization of any CliniChem Product has been or shall be made or offered to any person or entity on any basis that is or will be in conflict with this Agreement.