ProNet Technology definition
Examples of ProNet Technology in a sentence
MYRIAD and MONSANTO are interested in entering into an agreement whereby MYRIAD and MONSANTO will jointly perform research using MYRIAD's proprietary ProNet Technology to identify Genes and Interactive Proteins and whereby MONSANTO shall have the option to obtain from MYRIAD a license to use, commercialize and exploit the results of such research for the discovery, development, manufacture and marketing of Licensed Products derived from such Genes and Interactive Proteins.
In particular, the JRSC shall prepare an Annual Research Plan (including the selection of any Baits to be used in conjunction with the ProNet Technology), review progress in the Research Program and recommend necessary adjustments to the Research Program as the research takes place.
Each Annual Research Plan shall be in writing and shall set forth with reasonable specificity research objectives, milestones and any Baits selected for use in the ProNet Technology for the period covered by the Annual Research Plan.
During the term of this Agreement, Bayer ----------------------- can exercise its option on a maximum of [ ] Interactive Proteins and their Pathways identified through the use of the ProNet Technology.
It is hereby agreed that MONSANTO may, at anytime during the Research Term and upon not less than thirty (30) days' written notice, or as otherwise approved by the Steering Committee, and upon payment to MYRIAD of [ ], add one additional Pathway (or more with the prior approval of the Steering Committee) to the Research Program (and Baits related thereto) for analysis using the ProNet Technology.
During the Research Term, ----------------------------------- SCHERING can exercise an Exclusive Pathway Option on an unlimited number of Genes and Interactive Proteins and their Pathways identified through the use of the ProNet Technology, whether during or prior to the Research Term, subject to the foregoing provisions.
Under the Research Program, MYRIAD --------------------------- will use commercially reasonable efforts to utilize the ProNet Technology to identify Genes and Interactive Proteins, including without limitation through the use of Baits selected and prioritized by the JRSC, as further set forth in each Annual Research Plan.
MYRIAD and SCHERING ---------------------------------------- shall (i) evaluate the current Interactive Proteins and Genes in ProNet and, (ii) using Baits selected by the JRSC in conjunction with the ProNet Technology, evaluate the subset of Interactive Proteins that Interact with such Baits, in each case pursuant to the Research Program.