Commercially Reasonable Efforts

Commercially Reasonable Efforts. Means, with regard to the development of a Licensed Product, either (a) achievement of any of the diligence events in accordance with Section 3.1(b)(i) of this Agreement, or (b) the expenditure of the annual Minimum Spend in accordance with Section 3.1(b)(ii) of this Agreement.

Commercially Reasonable Efforts. Defined in the Commercial License Agreement

Commercially Reasonable Efforts. Means those efforts consistent with the exercise of prudent scientific and business judgment as applied by a party to the development and commercialization of its own pharmaceutical products at a similar stage of development and with similar market potential.

Commercially Reasonable Efforts. Shall have the meaning set forth in the Purchase and Sale Agreement.

Commercially Reasonable Efforts. With respect to any Covered Product or Marketed Product derived from an additional Selected Target (described in Section 2.5), those efforts and resources used by a biotechnology company that is similarly situated to Licensee with respect to a product owned or controlled by such company, or to which such company has similar rights, which product is of similar market potential and is at a similar stage in its development or life as is such Covered Product or Marketed Product

Commercially Reasonable Efforts. Means (i) with respect to any objective by any party, commercially reasonable, diligent, good faith efforts to accomplish such objective as such party would normally use to accomplish a similar objective under similar circumstances; and (ii) with respect to any objective relating to the development or commercialization of any product by any party, efforts and resources normally used by such party with respect to a product owned by such party at a similar stage in the development or life of such... product. View More

Commercially Reasonable Efforts. Means efforts ****

Commercially Reasonable Efforts. The term "Commercially Reasonable Efforts" shall mean such level of efforts required to carry out such obligation in a manner consistent with the efforts that a pharmaceutical company comparable with Pieris would devote at the same stage of development or commercialization, as applicable, for its own internally developed therapeutic products in a similar area with similar market potential, at a similar stage of their product life taking into account the existence of other competitive products... in the market place or under development, the proprietary position of the product, the regulatory structure. View More

Commercially Reasonable Efforts. Shall mean, with respect to the development or commercialization of the Product, efforts and resources commonly used in the medical device industry for a product of similar commercial potential at a similar stage in its lifecycle, taking into consideration its safety and efficacy, its cost to develop, the competitiveness of alternative products, its proprietary position, the likelihood of regulatory approval, its profitability, and all other relevant factors.

Commercially Reasonable Efforts. Shall mean efforts and resources that would normally be used by a Party with respect to an item owned or being developed by it for commercial or other use which is of a similar market potential at a similar stage in its development or product life, taking into account matters of safety and efficacy; product profile; the competitiveness of the marketplace; the proprietary position of the product; the regulatory structure involved; the profitability of the applicable products; the value of the... royalty payments to which such party may be entitled under this Agreement; and other relevant factors. View More