Screening Phase Tail Sample Clauses

Screening Phase Tail. The Screening Phase Tail shall begin during the term of this Agreement, on a Compound-by-Compound basis, when such Compound is first screened and found by either Party to have any activity against any Collaboration Target, whether or not such Compound is determined to be a Hit (a "Tail Compound"), and shall extend until the two (2) year anniversary of the end of the Term of the Screening Phase, unless this Agreement is earlier terminated in its entirety in accordance with Section 11.4 or 11.9.1 or pursuant to Section 11.7, with respect to any Collaboration Target identified pursuant to Section 11.7(b) for which the Research Program has been terminated in accordance with Section 11.7, but regardless of whether this Agreement is earlier terminated in accordance with Section 11.5. Within ten (10) business days after the end of each Calendar Quarter during the Screening Phase Tail each Party shall provide to the other a written report detailing all data and information obtained by such Party with respect to any Tail Compound studied by such Party during such Calendar Quarter. For the Calendar Quarter during which the Screening Phase Tail ends, such written reports shall be provided within ten (10) business days after the last day of the Screening Phase Tail. At any time during the Screening Phase Tail, either Party may propose in writing to the JSC that a Tail Compound subject to the Screening Phase Tail be designated a Hit or Lead Compound and be further developed. Additionally, within thirty (30) days after the last day of the Screening Phase Tail, the JSC shall meet to determine whether any of the Tail Compounds studied by the Parties during the Screening Phase Tail shall be designated as a Hit or Lead Compound and further developed. If the JSC designates a Tail Compound as a Hit or Lead Compound, then the Parties shall collaborate on further, Research, Development and Commercialization of such Compound consistent with the terms of this Agreement, regardless of whether this Agreement is earlier terminated in accordance with Section 11.5, in which event, such earlier termination shall be void and the effects of any such termination arising in accordance with Section 11.5.2 shall be reversed such that each Party thereafter has the rights it had immediately prior to such termination. If the JSC in good faith determines not to designate any such Tail Compound as a Hit or a Lead Compound, then the Party owning such Compound may further Develop and Commercialize ...
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Related to Screening Phase Tail

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