Common use of Celgene Responsibilities Clause in Contracts

Celgene Responsibilities. Subject to the oversight of the Joint Development Committee, Celgene shall be solely responsible for managing all Celgene Development Activities relating to Licensed Compounds or Licensed Products. Without limiting the foregoing, upon completion or abandonment of the initial Phase 2A Clinical Trial for a Licensed Compound or related Licensed Product, any and all further Phase 2A Clinical Trials (or early-stage Development activities) for such Licensed Compound or Licensed Product shall be performed by Celgene, unless otherwise agreed by the Joint Development Committee; provided that any Phase 2A Clinical Trials that are ongoing at the time of such completion or abandonment of such initial Phase 2A Clinical Trial shall remain the responsibility of Acceleron. Celgene shall use Commercially Reasonable Efforts to carry out the Celgene Development Activities as set forth in the applicable Development Plan/Budget to Develop Licensed Compounds and Licensed Products. Celgene shall use Commercially Reasonable Efforts to Develop and seek Regulatory Approval for Licensed Products in the Major Market Countries.