Common use of Commercialization Report Clause in Contracts

Commercialization Report. Commencing six (6) months prior to the anticipated filing of the first BLA for a Product in the Field in the Territory, at all times during the Agreement Term, and thereafter on a Calendar Year basis, Provention shall provide to MacroGenics in writing a report detailing Provention’s efforts and progress during the one (1) year prior to such date, to Commercialize each Product (each, a “Commercialization Report”). Each Commercialization Report shall describe, among other matters: (a) material Commercialization activities completed since the last report, including the object and parameters of the Commercialization, when initiated, when completed and a summary of all material results; (b) material Commercialization activities planned to be undertaken before the next report; and (c) material changes in Provention’s Commercialization plans. In addition, Provention shall reasonably respond to reasonable requests by MacroGenics from time to time for information regarding Provention’s Commercialization activities for such Products.