Joint Development Team Responsibilities Sample Clauses

Joint Development Team Responsibilities. The Joint Development Team shall perform the following functions: (i) oversee and manage the work under, monitor the progress of, and implement the Development Plan, including compliance with budget and timelines; (ii) develop an overall strategy and detailed plans for the Development of Collaboration Product for review by the Joint Steering Committee; (iii) formulate any changes to the Development Plan (including allocation of Development activities between the Parties) and the budget for review and approval by the Joint Steering Committee, such plan to always take into account the potential Development scenarios in the [***] year Development of the Collaboration Product, even to the extent such Development scenarios extend beyond completion of the first Phase I/II Clinical Trial; (iv) make recommendations for further Development of the Collaboration Product, including Development of the Collaboration Product for indications that are not contemplated in the then current Development Plan; (v) review forecasts of clinical supplies requirements for Development, review the supply of Collaboration Product for Development; (vi) discuss and exchange information regarding the conduct of ongoing clinical trials; (vii) exchange information regarding the Collaboration Product and facilitate cooperation and coordination between the Parties relating to the Development of the Collaboration Product as they exercise their respective rights and meet their respective obligations under the Development Plan and this Agreement; (viii) provide status updates to the Joint Steering Committee regarding Development activities; and (ix) perform such other functions as appropriate to further the purposes of this Agreement as determined by the Parties.