Drug Discovery Term. The term for the conduct of the Drug Discovery Programs will begin on the Effective Date and, subject to extension in accordance with Section 1.5.2 and/or earlier termination of this Agreement in accordance with ARTICLE 10 hereof, will end upon the earlier of (i) such time as the Options with respect to all Drug Discovery Programs either have been exercised by JBI or have expired unexercised, and (ii) the [***] anniversary of the Effective Date (the “Drug Discovery Term”), provided however, that if Isis has delivered a Development Candidate Data Package to JBI for a Drug Discovery Program prior to the [***] anniversary of the Effective Date but the Option Period for such Drug Discovery Program has not expired as of the [***] anniversary of the Effective Date, the Drug Discovery Term will extend for that Drug Discovery Program only, until the earlier of (a) JBI’s exercise of such Option and (b) expiration of such Option Period. Such extension shall not be subject to the extension fee as defined in Section 1.5.2 below.
Drug Discovery Term. The term for the conduct of the ASO Development Candidate Identification Plan (the “ASO Development Candidate Identification Term”) will begin on the Effective Date and will end, on a Collaboration Program-by-Collaboration Program basis, upon the earliest [***], or (iv) a date mutually agreed by the Parties. If Biogen disagrees with Ionis’ determination that a Technical Failure has occurred, Section 12.1.4 will apply.
Drug Discovery Term. On a Drug Discovery Program-by-Drug Discovery Program basis, the Drug Discovery Activities for a Drug Discovery Program will be performed by or on behalf of the Parties during the period commencing on the selection of a Collaboration Target for such Drug Discovery Program and, unless this Agreement is earlier terminated with respect to such Collaboration Target, expiring upon the earlier of (a) completion of all Drug Discovery Activities set forth in the Drug Discovery Plan for such Drug Discovery Program and presentation to the JSC of such Drug Discovery Activities, (b) the [***] anniversary of the Effective Date, and (c) selection of a Development Candidate for such Drug Discovery Program (the “Drug Discovery Term”); provided that [***], the [***] anniversary of the Effective Date.
Drug Discovery Term. On a Drug Discovery Program-by-Drug Discovery Program basis, the Drug Discovery Activities for a Drug Discovery Program will be performed by or on behalf of the Parties during the period commencing on the selection of a Collaboration Target for such Drug Discovery Program and, unless this Agreement is earlier terminated with respect to such Collaboration Target, expiring upon the earlier of (a) completion of all Drug Discovery Activities set forth in the Drug Discovery Plan for such Drug Discovery Program and presentation to the JSC of such Drug Discovery Activities, (b) the fifth anniversary of the Effective Date, and (c) selection of a Development Candidate for such Drug Discovery Program (the “Drug Discovery Term”); provided that (x) if one or more Wave 2 Targets become Collaboration Targets in accordance with Section 2.1 (Selection of Collaboration Targets) as a result of the Parties achieving Enabled Delivery for the tissue that such Wave 2 Target is delivered to and less than two years are remaining in the Drug Discovery Term for such Wave 2 Target, then clause (b) will be extended to the earlier of (i) the time that Metagenomi completes all of its activities under the applicable Drug Discovery Plan for such Wave 2 Target, and (ii), with Metagenomi’s consent, not to be unreasonably withheld, delayed, or conditioned (taking into account whether it is substantially likely that a Development Candidate will be identified and designated for such Wave 2 Target during any extended Drug Discovery Term and the resources that Metagenomi will need to reasonably allocate to applicable Drug Discovery Term activities), the seventh anniversary of the Effective Date.
