Example ContractsClausesGeneric Products
Generic Products
Generic Products contract clause examples

Generic. If during any Calendar Quarter during the Transfer Price Payment Term, # any Generic Product to a Product is sold in the Territory, then the Transfer Price Percentage with respect to Net Sales of such Product in the Territory shall be reduced by ​ of the otherwise applicable rate set forth in Section 8.4(a), and (ii) all of the Generic Products to a Product in the aggregate have a market share of ​ or more in the Territory in a Calendar Quarter (measured in local currency, as reported by an agreed market intelligence service), then the Transfer Price Percentage with respect to Net Sales of the Product in the Territory shall be reduced by ​ of the otherwise applicable rate set forth in Section 8.4(a).

Generic Products. If a ​of a ​ is ​ by a ​ during the ​, and for so long as any such ​ is on the ​ in the ​ and the ​ of such ​ in the ​ is ​ of the ​ of the corresponding ​ and all such ​ in the ​ in any given ​, then the ​ pursuant to Paragraph II(a) on account of ​ in the ​ in such ​ and each ​ thereafter shall be ​. If the ​ of such ​ of the amount ​ of the corresponding ​ in the ​ in any given ​, then the ​ pursuant to Paragraph II(a) on account of ​ such corresponding ​ in the ​ in such ​ and each ​ for so long as the ​ shall be ​ by the ​ of all ​ in the ​ in the corresponding ​. Should ​ on a ​ be ​, INNOCOLL shall have ​, subject to ​.

If at any time ​ makes Generic Products of a Licensed Product commercially available in that country in the Territory and the unit sales of all Generic Products in such country in a Calendar Year, exceed ​ of the sum of unit sales of such Licensed Product and all Generic Products in such country, then the royalty rate applicable to Net Sales of such Licensed Product in such country shall be reduced by ​.

Generic Products. Neither Newsoara nor its Affiliates or any Third Party authorized by Newsoara or any of its Affiliates shall introduce the first Product sold in

Generic Products. In the event one or more Third Parties sell a Generic Product (as defined below) in a country in which a Royalty-Bearing Product is then being sold, then, during the period in which sales of the Generic Product by such Third Parties in the aggregate are equal to at least ​ of Abbott’s volume-based or revenue-based market share of the Royalty-Bearing Product in such country (as measured by prescriptions or other similar information available in such country), all applicable royalties in effect with respect to such Royalty-Bearing Product in such country as specified in Section 6.4.1 shall be reduced by ​. Notwithstanding the foregoing, Abbott’s obligation to pay royalties at the full royalty rates shall be reinstated on the first day of the Calendar Quarter immediately following the Calendar Quarter in which sales of such Generic Product account for less than ​ of Abbott’s volume-based or revenue-based market share in such country. For purposes of this [Section 6.5.1(d)], a “Generic Product” means a pharmaceutical product that # is not covered by a Valid Claim under the Licensed Patent Rights, Abbott Patent Rights or Joint Patent Rights in the relevant country, # contains the same active ingredient as a Royalty-Bearing Product and # is bioequivalent to such Royalty-Bearing Product.

Generic Competition”. Generic Competition means, with respect to a Product in any Region of the Territory in a given Calendar Quarter, that, during such Calendar Quarter, one or more Generic Products shall be commercially available in such Region and sold by a Third Party not authorized by Huadong or any of its Affiliates, and such Generic Products shall have a market share of at least ​ of the aggregate market share of Products and Generic Products (based on data provided by IMS International, or if such data is not available, such other reliable data source as reasonably determined by Huadong in consultation with vTv) as measured by unit volume.

. The license pursuant to Section 2.1 includes the right of KU, in its sole discretion, to provide for, market and sell an Authorized Generic substitute for the VPM Product (“Generic VPM Product”). The license pursuant to Section 2.1 does not include the right of KU to provide for, market and sell an Authorized Generic or other generic substitute of the V Product (“Generic V Product”), which rights shall be exclusively held by Alkermes.

Generic Products. Neither Party shall introduce, or authorize any other Person to introduce, the first Product sold in generic form for a given Product in any country, but each Party shall be free to commence, or to authorize any other Person to commence, commercial sales of Products sold in generic form in any country upon the first sale of a Generic Product for such Product by a Third Party not authorized by such Party in such country.

Generic Competition”. Generic Competition means, with respect to a Product in any Region of the Territory in a given Calendar Quarter, that, during such Calendar Quarter, one or more Generic Products shall be commercially available in such Region and sold by a Third Party not authorized by Newsoara or any of its Affiliates, and such Generic Products shall have a market share of at least ​ of the aggregate market share of Products and Generic Products (based on data provided by IMS International, or if such data is not available, such other reliable data source as reasonably determined by Newsoara in consultation with vTv) as measured by unit volume.

Class Generic Claims for Products. To the extent PTC intends to make any claims in a Product label or regulatory filing for a Product in the PTC Territory that are class generic to antisense oligonucleotides, Ionis’ generation 2.0 or 2.5 chemistry platform(s), or Conjugate Technology, PTC will provide Akcea with such proposed claims for Akcea’s review and will ​ for such class generic claims in such label or regulatory filing.

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