DC Criteria definition
Examples of DC Criteria in a sentence
From time-to-time, the JSC may review, discuss, and determine whether to approve any updates to the DC Criteria.
Recoveries: any amounts or payments in respect of any loss that are received by you or by us, or by someone acting on your or our behalf, after the Date of Loss.
Repare shall be solely responsible for any and all drug discovery activities towards selection of Licensed Drug Candidates satisfying DC Criteria in accordance with the Research Plan until the DC Selection Date.
The objective of the Research Program will be for Schrödinger to deliver one (1) Licensed Collaboration Compound for each Designated Target that achieves the DC Criteria for such Designated Target for BMS to advance into additional preclinical Development, human Clinical Trials and ultimately Commercialize as Licensed Collaboration Product(s).
Following receipt of the Data Package for a given Research Program, the JSC shall have a period of [***] to review such Data Package to determine whether the Lead Development Candidate for such Research Program has met the DC Criteria.
If the JSC determines that the Lead Development Candidate has met the DC Criteria, the Board shall have a period of [***] after notification of such determination to review the Data Package and confirm (or decline to confirm) whether the Lead Development Candidate has met the DC Criteria.
During the Research Term for each Collaboration Target ([**]), the Parties shall collaborate in carrying out the research activities under such Collaboration Target’s (or [**]) Project Plan(s) (as defined below) for purposes of discovering, researching and preclinically Developing the Collaboration Compounds until Achievement of the DC Criteria and designation of one or more Development Candidates for such Collaboration Target (or [**]).
With respect to the First Amendment Designated Target, following the First Amendment Effective Date, Schrödinger shall prepare in consultation with BMS, for review, revision and approval by the JSC, an initial draft of a Research Plan (including the Primary Activity, LO Criteria, LO Timeline and DC Criteria) for such First Amendment Designated Target.
Each such subsequent Project Plan must be on substantially the same form as the Initial Project Plans, including the form of the DC Criteria, and additional Discovery Milestone Criteria (if applicable) (the “Form Project Plan”).
In the case that Novartis desires to replace any Collaboration Target in accordance Section 3.3(b) (Other Replacement), Novartis shall provide written notice to Schrӧdinger, through the JSC, of Novartis’ basis for its determination that no Collaboration Compound has met or is likely to meet the criteria set forth in the DC Criteria of such Collaboration Target (such notice, the “Proposed Replacement Notice”), and the JSC shall discuss in good faith such basis.