First Commercial Sale

First Commercial Sale. The date on which Licensee transfers a Licensed Product for compensation (including equivalent cash value for trades or other non-cash payments).

First Commercial Sale. With respect to the Licensed Product the first commercial sale to a third party, in exchange for cash or some equivalent to which value can be assigned, after the obtaining of all necessary regulatory and other approvals required in order to commercially sell and market the Licensed Product in the country in which the sale is made, other than the sale of the Licensed Product for experimental, testing, compassionate or promotional purposes. Notwithstanding anything contained in the foregoing... paragraph to the contrary, for the purposes of this definition, the transfer of the Licensed Product by Teva or one of its Affiliates or Sublicensees to another Affiliate of Teva or to a Sublicensee is not a sale, and shall not be taken into account for the purposes of this definition. View More

First Commercial Sale. With respect to any Product, the first sale of such Product after all applicable marketing and pricing approvals (if any) have been granted by the applicable governing health authority of such country.

First Commercial Sale. Shall mean, with respect to any Royalty-Bearing Product, the first sale for end use or consumption of such Royalty-Bearing Product in a country after the governing health regulatory authority of such country has granted regulatory approval of such Royalty-Bearing Product

First Commercial Sale. With respect to any Product, the first sale for use or consumption by the general public of such Product, as the case may be, in a country in the Territory after all required marketing and pricing approvals have been granted, or otherwise permitted, by the governing health authority of such country. First Commercial Sale shall not include the sale of any Product for use in clinical trials or for compassionate use prior to the grant of an NDA.

First Commercial Sale. With respect to a Product, the first sale of such Product by NTI or its Sublicensees to a Third Party following receipt of Marketing Authorization in the country or territory of sale; provided, however, that Product shipped by NTI or its Sublicensees to a Third Party prior to receipt of Marketing Authorization therefor in a particular country or territory where such Product is intended for sale shall be deemed for the purposes hereof a First Commercial Sale to the extent such Product is sold to... a Third Party for sale in that country or territory after such Marketing Authorization is obtained. View More

First Commercial Sale. The first sale of Product in the Territory, after Regulatory Approval, by Empire or its Affiliates (or their sublicensee(s)) to any unaffiliated third party as evidenced by the selling party's invoice or other relevant document provided to such third party

First Commercial Sale. The term "First Commercial Sale" shall mean the first sale of a Licensed Product by Sorrento or a Sublicensee to a non-Affiliated third party, for value and not for demonstration or other promotional purposes or testing or development purposes.

First Commercial Sale. The first sale on a commercial basis of any Collaboration Product by QLT or its sublicensees to a Third Party (excluding any Affiliate or sublicensee of QLT, unless such Affiliate or sublicensee is an end user, that is, where there is no further sale or distribution by such Affiliate or sublicensee of the relevant Product other than to a patient), in any country, on a country-by-country basis

First Commercial Sale. With respect to a Product and country, the first sale to a third party of such Product in such country. Any distribution of samples of Product, any sale or other distribution of Product for use in a clinical trial or for compassionate use in which no monetary consideration is paid to Buyer, will not constitute a First Commercial Sale