Discovery Project definition
Examples of Discovery Project in a sentence
Notwithstanding the foregoing, no project shall become a Research Project without the express consent of both BIOGEN and CURAGEN; provided, however, that CURAGEN shall consent to any reasonable proposed Discovery Project which is not substantially similar to a project that is ongoing, planned, the subject of negotiation with a third party or subject to a prior commitment to a third party, and which would not violate a prior restriction under an agreement with a third party.
The Parties shall establish a “Joint Discovery Project Team” or “JDPT”, comprised of two (2) representatives of each Party, which shall be a subcommittee of the JSC and report to it.
As part of the opening phase of the collaboration the Discovery Project Team will • Coordinate the establishment of a shared data-room (e.g. a secure e-room), which will contain a shared database enabling registration of new compounds, biological data input and SAR query as well as a virtual meeting room.
The Parties shall negotiate in good faith the terms to apply generally to any Research Project that is not a Discovery Project, other than the [XXXXXXXXXX XXXXXXXX] which is covered by Section 2.6.
Copies of all invoices shall be sent concurrently to the Antibody Drug Discovery Project Coordinator at ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ Pharmaceutical Research & Development, L.L.C., ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
Numab hereby grants to Sucampo the Maximally Available Target Exclusivity for each Sucampo Target during the time required to complete the Discovery Project and until the expiration of the Commercialization Option Period.
Sucampo may elect to extend the Commercialization Option Period for any Discovery Project for up to three (3) one-year periods upon payment of an extension fee of […***…] for each such one (1) year extension.
Inventorship of any patent applications related to any Sucampo Target or Antibody identified pursuant to a Discovery Project shall be determined in accordance with applicable law.
If a Discovery Project (other than Discovery Project No. 1) involves the production of a […***…], the provisions related to Discovery Project No. 1 in Section 5.1 above shall apply mutatis mutandis for such Discovery Project and Numab’s additional effort […***…] to be invoiced quarterly by Numab and paid within thirty (30) days of receipt by Sucampo.
The IND Ready Criteria will be agreed upon prior to the initiation of the Discovery Project.