Strategic Transaction

Strategic Transaction. Means a strategic licensing, collaboration, partnership or similar agreement for the commitment to fund the Company's phase 3 trials for BPX01. For the avoidance of doubt, a Strategic Transaction shall not constitute a Fundamental Transaction so long as the primary function of such Strategic Transaction is not to raise capital and the Company remains the surviving corporation after the closing of such Strategic Transaction, regardless of whether such Strategic Transaction includes the issuance... of securities by the Company, including the issuance of securities by the Company that result in Subject Entities, individually or in the aggregate, beneficially owning more than 50% of the outstanding shares of Common Stock after such Strategic Transaction. View More

Strategic Transaction. Any transaction entered into by and between the Company and any company (or an affiliate of any such company) that is included in the S&P 500 Health Care Index as published from time to time by S&P Dow Jones Indices LLC that includes an investment or upfront payments resulting in gross proceeds to the Company of least $2,000,000 upon the execution of such transaction or definitive agreement and provides for terms of collaboration, manufacturing, distribution, licensing or supply of the... Company's products. View More

Strategic Transaction. A transaction with or involving a strategic partner, i.e., a Person who, as determined by the Board, will benefit the Company as a result of experience, expertise, knowledge or relationships

Strategic Transaction. The occurrence of any of the following: (i) the Corporation's sale or lease of all or substantially all of its assets, (ii) any reorganization, merger, consolidation, or similar transaction which would result in the holders of the equity securities of the Corporation immediately prior to such transaction holding less than fifty percent (50%) of all voting equity securities of the surviving entity immediately following such transaction, or (iii) a sale or issuance of stock of the Corporation... representing more than fifty percent (50%) of all voting securities of the Corporation View More