Generic Competition definition

Generic Competition has the meaning set forth in Section 7.4.3.

Generic Competition means, with respect to a Product in any country in a given calendar quarter, that, during such calendar quarter, (i) one or more Generic Products are commercially available in such country, and (ii) aggregate Net Sales of such Product in such country in such calendar quarter equal less than [****] percent ([****]%) of the average aggregate Net Sales of the Product over the four (4) calendar quarters immediately prior to the calendar quarter in which one or more Generic Products first became commercially available in such country.

Generic Competition means, with respect to a Licensed Product in any country in a given Calendar Quarter, that, during such Calendar Quarter, one or more Generic Products are sold in or imported into such country.

Examples of Generic Competition in a sentence

• Grabowski & Margaret Kyle, Generic Competition and Market Exclusivity Periods in Pharmaceuticals, 28 MANAGERIAL & DECISION ECON.

• AARP, Rx Price Watch Report: Retail Prices for Widely Used Brand Name Drug Increase Considerably Prior to Generic Competition 4-6 (March 2011), available at http://www.aarp.org/health/drugs-supplements/info-08-2010/rx_price_wa tch.html.

• Dick Durbin, Durbin, Cassidy Introduce REMEDY Act To Lower Drug Prices By Curbing Patent Manipulation, Promoting Generic Competition (Apr.

• Grabowski & Margaret Kyle, Generic Competition and Market Exclusivity Periods in Pharmaceuticals, 28 MANAGERIAL & DECISIONECON.

• Grabowski & Margaret Kyle, Generic Competition and Market Exclusivity Periods in Pharmaceuticals, 28 Managerial & Decision Econ.

More Definitions of Generic Competition

Generic Competition means with respect to a Licensed Product in any particular country in the Territory, the existence on the market of any Generic Product in competition with such Licensed Product in such country.

Generic Competition shall have the meaning assigned thereto in Section 9.6.5(a).

Generic Competition is defined in Section 5.5.2(a).

Generic Competition means the sale of Generic Product(s) in a country or other jurisdiction by one or more Third Parties.

Generic Competition means, on a country-by-country basis, sales by one or more Third Parties with products containing the Compound in a country of the Territory exceeding * per cent (*%) of the total sales volume in a Royalty Period of all products containing the Compound (including the Product) in all dosage forms in such country, which is measured in units and reported by International Medical Statistics or a comparable source agreed by the Parties separately.

Generic Competition means, with respect to a Licensed Product in the United States, United Kingdom, Germany, France, Spain or Italy, when Net Sales of such Licensed Product in such country decrease by [**] percent ([**]%) or more from the Net Sales of such Licensed Product in such country measured as of each of the four (4) Calendar Quarters immediately preceding the Calendar Quarter during which the entry of a Generic Product occurs in such country.

Generic Competition means on a country by country basis the commercial sale of a generic product containing the same compound as Licensed Product as an active ingredient.