First Commercial Sale
First Commercial Sale. The date on which Company or its affiliate, transferee or successor first receives money or other consideration for a Product after the first Approval
First Commercial Sale. Shall mean the first sale of a Product by the Company, an Affiliate of the Company, or a Sublicensee to an unaffiliated third party after (a) receipt of all governmental and other regulatory approvals required to market and sell the Product have been obtained in the country in which such Product is sold, and (b) the commencement of marketing efforts with respect to such Product. Sales for purposes of testing the Product and samples purposes shall not be deemed First Commercial Sale.
First Commercial Sale. The first sale of the Product by Intrexon, its sublicensee or their respective Affiliates to customers who are not Affiliates in any country after all applicable marketing approvals (if any) have been granted by the applicable governing health authority
Found in
INTREXON CORP contract
First Commercial Sale. The first sale of any Product or Process by LICENSEE or an Affiliate or Sublicensee, other than sale of a Product or Process for use in trials, such as field trials or clinical trials, being conducted to obtain FDA or other governmental approvals to market Products or Processes.
Found in
OncoMed Pharmaceuticals Inc contract
First Commercial Sale. The first sale for use or consumption by the general public of a Licensed Product in a particular country following Marketing Approval
Found in
MEI Pharma, Inc. contract
First Commercial Sale. The first bona fide commercial sale of a Licensed Product to a non-Affiliate third party by or under the authority of the Company or its sublicensees, which for the avoidance of doubt shall not include any sale or other disposition of a Licensed Product pursuant to the testing and validation of the Licensed Product including, without limitation, sales to investigators in a clinical study or a third party collaborator.
Found in
CareDx, Inc. contract
First Commercial Sale. The first sale for use or consumption of the Targacept Product after Regulatory Approval has been obtained in any jurisdiction, provided that sale to any of Targacept's Affiliates or Licensees shall not constitute the First Commercial Sale unless the Affiliate or Licensee is the end user of the Targacept Product
Found in
CATALYST BIOSCIENCES, INC. contract
First Commercial Sale. Means the first commercial sale for monetary value in the worldwide of the Royalty Product by Parent, Arius, or any of their Affiliates or sublicensees for use, consumption or resale where Regulatory Approval of such Royalty Product has been obtained by Parent, Arius, or any of their Affiliates or sublicensees. The sale of a Royalty Product to Parent, Arius, or any Affiliate or sublicensee of either of the foregoing, respectively, shall not constitute a First Commercial Sale unless Parent,...
View More
First Commercial Sale. The date of first commercial sale of a QS-21 Vaccine by GSK or its Affiliates or Third Party Sublicensees or distributors anywhere in the Territory.
Found in
AGENUS INC contract
First Commercial Sale. With respect to a product, the first sale to any Third Party.
All Definitions
Found in
CHEMBIO DIAGNOSTICS, INC. contract