Asahi’s Direct Rho Kinase Inhibitors Sample Clauses

Asahi’s Direct Rho Kinase Inhibitors. In the event Asahi initiated substantive business terms and conditions negotiations with any Third Party company relating to a Direct Rho Kinase Inhibitor (other than the Active Drug Substance) discovered by Asahi for Development or Commercialization of such Direct Rho Kinase Inhibitor in the Stable Angina indication or Pulmonary Hypertension indication, Asahi shall notify CoTherix of the opportunity to license and/or collaborate with respect to such Direct Rho Kinase Inhibitor and negotiate with CoTherix in good faith in parallel with the Third Party company [***] Asahi will not conclude any binding agreement (or grant any license, option, right of first refusal or the like) with the Third Party company with respect to such Direct Rho Kinase Inhibitor. It is understood by both Parties that Asahi’s obligation and CoTherix’s right in this Section 10.2 shall be only effective until termination of the Non-Competing- Development Period or, if earlier, acquisition of CoTherix by a Third Party company performing Preclinical Development, Clinical Development or Commercialization of a Direct Rho Kinase Inhibitor (other than a Product if such Third Party is a Sublicensee) in the Stable Angina indication or PH indication.
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Related to Asahi’s Direct Rho Kinase Inhibitors

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