Common use of Collaborative Development Clause in Contracts

Collaborative Development. The Parties will each diligently collaborate in the development of Development Candidates for the purpose of selecting Collaboration Products and use diligent efforts to develop and bring such Collaboration Products to the market as soon as reasonably practicable. In connection therewith, each Party shall use efforts not less than those efforts it makes with respect to its own pharmaceutical products of comparable commercial potential, stage of development and patent protection. The role of each Party in the research and development process will be proposed by the Project Team Leader and approved by the Drug Development Committee, with each Party providing advisory and supporting services with respect to each phase of the process in which such Party may be actively or primarily involved. No clinical trials involving any Collaboration Product shall be commenced by or on behalf of either Party without the prior approval of the Drug Development Committee; provided, GenVec may conduct any such studies with or for an Asian Partner. Each Party shall ensure that its Development tasks are carried out adhering to ethical and safety standards customary in the industry.

Appears in 2 contracts

Samples: Development and Collaboration Agreement (Genvec Inc), Development and Collaboration Agreement (Genvec Inc)

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Collaborative Development. The Parties will each diligently ------------------------- collaborate in the development of Development Candidates for the purpose of selecting Collaboration Products and use diligent efforts to develop and bring such Collaboration Products to the market as soon as reasonably practicable. In connection therewith, each Party shall use efforts not less than those efforts it makes with respect to its own pharmaceutical products of comparable commercial potential, stage of development and patent protection. The role of each Party in the research and development process will be proposed by the Project Team Leader and approved by the Drug Development Committee, with each Party providing advisory and supporting services with respect to each phase of the process in which such Party may be actively or primarily involved. No clinical trials involving any Collaboration Product shall be commenced by or on behalf of either Party without the prior approval of the Drug Development Committee; provided, GenVec may conduct any such studies with or for an Asian Partner. Each Party shall ensure that its Development tasks are carried out adhering to ethical and safety standards customary in the industry.

Appears in 2 contracts

Samples: Development and Collaboration Agreement (Genvec Inc), Development and Collaboration Agreement (Genvec Inc)

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