Define: First Commercial Sale

What does "First Commercial Sale" mean? The meaning differs based on the contract. We found 2 definitions across 1 company in SEC filings.

Definition 1 (ALNYLAM PHARMACEUTICALS, INC., seen in 1 filing)

First Commercial Sale means with respect to a Licensed Product in a country, the first sale by MedCo or its Related Parties for end use or consumption of such Licensed Product in such country after all Regulatory Approvals legally required for such sale have been granted by the Regulatory Authority of such country.

Source: ALNYLAM PHARMACEUTICALS, INC. 10-K

Definition 2 (ALNYLAM PHARMACEUTICALS, INC., seen in 1 filing)

First Commercial Sale means with respect to each Product, the first commercial sale in a country as part of a nationwide introduction after receipt by a Product Seller of Regulatory Approval in such country, excluding de minimis named patient and compassionate use sales.

Source: ALNYLAM PHARMACEUTICALS, INC. 10-K

Data extracted from 2 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 2
Companies: 1
Keywords:
First Commercial Saledefinitioncontract languagelegal termSEC filing

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