Commercially Reasonable
Commercially Reasonable. Means timely application of reasonable efforts and resources, consistent with the exercise of prudent business judgment with a view to making a reasonable profit, taking into account such matters as product efficacy and safety, size of market, anticipated labeling, competitiveness of alternative products, strength of patent or trade secret protection, likelihood of obtaining regulatory approval, and commercially appropriate prioritization with respect the Party's other projects and products.
Found in
SURGIQUEST INC contract
Commercially Reasonable. The level of diligence and/or efforts and commitment of resources consistent with the past practice of similarly situated pharmaceutical manufacturers with respect to comparable pharmaceutical products.
All Definitions
Found in
ChemoCentryx, Inc. contract