definiens: means any invention, discovery, creation, materia ls, Know - How or other intellectual property, whether or not patentable, t hat ( a ) is first generated or developed by a Party or its Affiliates or Third Party contractors directly related to and arising from the Research Collaboration during the term of this Agreement, and ( b ) which is specifically related to ( i ) a Novo Nordisk Proprietary Molecule, ( ii ) a Co nserved Carrier and/or ( iii ) a Licensed Product to the exte nt not solely a Keros New Ligand Trap Invention, wh ether generated or developed solely or jointly by employe es of Keros and/or Novo Nordisk or their respective Affiliates or Third Party contractors . For the avoi dance of doubt, any formulation intellectual proper ty, including any Know - How related to methods or processes for ma king formulations or for optimizing pharmacokinetic properties of Ligand Traps ( by optimizing Conserved Carrier ), Conserved Carriers or a Licensed Combina tion Product, as well as all data and results from clini cal trials related to the Selected Ligand Traps or a Licensed Combination Product shall be deemed to be Novo Nord isk Inventions