Development Committee Role, Decisions Clause Samples

Development Committee Role, Decisions. The Development Committee shall determine and monitor the Development Collaboration Program, including making recommendations regarding the performance of the Development Collaboration Plan and generally on the conduct of research and development under this Agreement. The Development Committee shall approve all modifications to the Development Collaboration Plan, and shall carry out such other activities as the parties may agree to. At each meeting of the Development Committee it shall evaluate the progress of the Development Collaboration Program and determine whether it is reasonable to believe that the endpoints set forth in the Development Collaboration Plan are likely to be achieved in the time specified. It is expected (but not required) that any decisions made or actions taken by the Development Committee shall be made unanimously by its members. Each committee member shall have one vote. As development of the Licensed Product proceeds toward human clinical trials, the Development Committee shall be replaced with a Management Committee that will meet at least twice each year to determine, manage and oversee the clinical phases of development and determine, manage and oversee the regulatory approval process for the Licensed Product.