definiens: of a Product in a particular period will mean the sum of ( i ) and ( ii ): ( i ) the amount stated in [COMPANY] sales line of its ex ternally published audited financial statements wit h respect to such Product for such period ( excluding sales to an y Sublicensee that are used for research or Develop ment or re - sold by such Sublicensee as sales under item ( ii ) b elow ) . This amount reflects the gross invoice price at which such Product was sold or otherwise disposed of ( oth er than for use as clinical supplies or free sample s ) by [COMPANY], its Affiliates and Group Sublicensees to Third Part ies ( excluding sales to any Sublicensee that are us ed for research or Development or re - sold by such Sublicensee as sa les under item ( ii ) below ) in such period reduced b y gross - to - net deductions, if not previously deducted from suc h invoiced amount, taken in accordance with the the n currently used International Financial Reporting Standards ( I FRS )