Examples of Collaboration Lead Compound in a sentence
Under no circumstances shall either Party conduct studies of any Collaboration Lead Compound in the Field except as permitted by the RMC.
The RMC will be responsible for coordinating all aspects of all activities undertaken to identify and develop a Lead Compound that are necessary or desirable to determine whether such Lead Compound may be suitable for designation as a Collaboration Lead Compound pursuant to Section 3(b)(i).
In addition, the RMC will be responsible for coordinating all aspects of all activities (including, but not limited to: [ * ] that will be undertaken with respect to a Collaboration Lead Compound that are necessary or desirable to enable the filing of an IND on Products based upon or incorporating such Collaboration Lead Compound, including the preparation and filing of an IND (collectively, "Pre-Clinical Development").
The Parties, under the direction of the RMC shall conduct Pre-Clinical Development with respect to any designated Collaboration Lead Compound.
If the RMC determines that such Lead Compound does not meet the Pre-Clinical Development Criteria, then within [ * ] of such determination each Party shall provide to the RMC a written notice as to whether it elects to designate such Lead Compound as a Collaboration Lead Compound and participate in and commit resources to conduct Pre-Clinical Development of such Collaboration Lead Compound notwithstanding that such Lead Compound does not meet the Pre-Clinical Development Criteria.
Promptly following the designation of a Collaboration Lead Compound pursuant to Section 3(b), the JDC shall initiate preparation of the development plan for the Development (the "Development Plan") and a budget (the "Development Budget") for proposed Development Costs (as defined in Section 3(f)).
On a Collaboration Lead Compound-by-Collaboration Lead Compound basis, either Party may elect (upon [ * ] written notice following receipt by the Party contemplating termination of its participation in the Pre-Clinical Development of any Collaboration Lead Compound or Development of any Product of Development Termination Documents) to terminate its participation in, or to not to participate in, the Pre-Clinical Development of any Collaboration Lead Compound or Development of any Product.
From time to time, Onyx may request Warner in writing to undertake specific research and development regarding a Collaboration Compound or to declare a Collaboration Compound to be a Collaboration Lead Compound.
Such licenses with respect to a Collaboration Lead Compound are co-exclusive between Onyx and Warner.
Warner will provide Onyx quarterly, written updates regarding the status of each Collaboration Lead Compound.