Generic Competition

Generic Competition. Means, on a country-by-country basis and Licensed Product-by-Licensed Product basis, the presence of one or more Generic Products that, in the aggregate, have obtained sales greater than [*] percent ([*]%) of the combined sales of such Licensed Product together with such Generic Products in the relevant country of the Territory, as measured in the local currency, in any calendar quarter, and which Generic Product sales are evidenced by independent market data (where reasonably available and... reliable), such as that published by IMS Health Incorporated or similar services. View More

Generic Competition. Means any product incorporating the same API(s) as the Royalty Product in a form reasonably intended to deliver such API(s) through the mucosa of the oral cavity.