Net Revenue. gross revenue of Animas Group on a consolidated basis (excluding all revenue from Sub-licensees) from the sale of Debiotech Micro-Needle Products to distributors and end-users minus contractual allowances and discounts, as calculated in accordance with US Generally Accepted Accounting Principles, as such principles are in effect at that time, and as recognized in accordance with Animas’ standard accounting practices in effect for the relevant period, consistently applied ( “GAAP”).
Appears in 2 contracts
Sources: Micro Needle License, Joint Development and Manufacturing Assistance Agreement, Micro Needle License, Joint Development, and Manufacturing Assistance Agreement (Animas Corp)
Net Revenue. gross revenue of Animas Group on a consolidated basis (excluding all revenue from Sub-licenseesSublicensees) from the sale of Debiotech Micro-Needle Pump Products to distributors and end-users minus contractual allowances and discounts, as calculated in accordance with US Generally Accepted Accounting Principles, as such principles are in effect at that time, and as recognized in accordance with Animas’ standard accounting practices in effect for the relevant period, consistently applied ( (“GAAP”).
Appears in 1 contract
Sources: License, Joint Development, and Manufacturing Assistance Agreement (Animas Corp)