Definition and Background Sample Clauses

Definition and Background. The parties have agreed and attached to this Agreement as Exhibit C an initial development plan for certain development of Compound and Product by ANTHERA for the Initial Indication and SLE (the “Joint Development Plan”), which activities are intended to support the global development of Compound and Product for these Indications (i.e., they generate data that is expected to be useful in both the ANTHERA Territory and the ZENYAKU Territory). Within ninety (90) days of the Effective Date, ANTHERA shall update the initial Joint Development Plan. Such update shall be subject to the limitations provided in Article 3, including Section 3.1(f), and shall be subject to ratification (or modification followed by ratification) of the JDC. Such update shall not modify either the Shared Cost Budget or the SLE Cost Budget, subject to Section 3.1(f). For those Joint Development Plan activities for the Initial Indication, the Shared Cost Budget has been included in the Joint Development Plan, and the parties are sharing the costs incurred under and in accordance with the Shared Cost Budget as provided for in Section 7.4. For those Joint Development Plan activities for SLE, the SLE Cost Budget has been included in the Joint Development Plan. As between the parties, ANTHERA will initially bear all of the Shared Cost, subject to partial reimbursement by ZENYAKU in accordance with Section 7.4(a)(ii). As between the parties, ANTHERA will initially bear all of the SLE Costs, subject to partial reimbursement by ZENYAKU in accordance with Section 7.4(b)(i) in the circumstances described in such Section.
Sample 1
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