Target Validation Activities definition
Examples of Target Validation Activities in a sentence
The Parties will, jointly through the JRC, determine the subsequent order of Candidate Targets for which Pliant will initiate Target Validation Activities pursuant to a Research Plan; provided that, in the event of disagreement between the Parties, the order of Candidate Targets for which Target Validation Activities are initiated will be [***].
The Collateral Agent may also rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person and shall not incur any liability for relying thereon.
Notwithstanding anything to the contrary herein, prior to performing any Target Validation Activities with respect to a Target MERCK shall (a) provide ARCHEMIX’s outside counsel (“Counsel”) with a written notice (each, a “Target Validation Notice”) identifying the Target(s) that would be the subject of such Target Validation Activities and, simultaneously therewith, (b) provide ARCHEMIX with written notice that it has provided a Target Validation Notice to Counsel.
The first Candidate Target for which Pliant will engage in Target Validation Activities is [***] (the "Initial Candidate Target").
Subject to the other terms of this Agreement, ARCHEMIX hereby grants to MERCK and its Affiliates a non-exclusive, royalty-free, worldwide license during the SELEX License Term, without the right to grant sublicenses, under the Licensed Technology and Licensed Patent Rights, for the purpose of using the SELEX Process and the SELEX Technology solely to conduct Target Validation Activities in accordance with Section 3.15 (the “SELEX License”).
ARCHEMIX shall use commercially reasonable efforts to ensure that Counsel provides MERCK with a written response (each, a “Target Validation Response”) within [***] days of Counsel’s receipt of a Target Validation Notice identifying the Targets identified in such Target Validation Notice for which MERCK is permitted to perform Target Validation Activities under this Agreement.
Within a reasonable time prior to the initiation of Target Validation Activities for the next and subsequent Candidate Targets, but at least [***] days prior to the initiation of Research activities therefor, the Parties will jointly develop, through the JRC, a Research Plan for each such Candidate Target for approval by the JSC.
Subject to the terms and conditions of this Agreement, ALEXION hereby grants to DICERNA, during the Research Program Term and Initial Development Period, a royalty-free, non-exclusive, worldwide license to use the ALEXION Background Intellectual Property, Product IP and Results solely for the purpose of conducting any Target Validation Activities, Research Activities or Development Activities expressly allocated to DICERNA under this Agreement.
The Program Leaders will be responsible for (i) facilitating the flow of information and otherwise promoting communication of the day-to-day work for the Target Validation Activities and each Research Program and Development Program, (ii) coordinating the Target Validation Activities and all work to be conducted under each Research Program and Development Program, and (iii) all scientific and technical questions addressed by one Party to the other Party.
Each Party shall, and shall ensure that its Affiliates and Sublicensees, obtain written agreements from any and all persons involved in or performing any Target Validation Activities, any Research Activities or any Development Activities assigning such persons’ right, title and interest in and to any New Inventions, Licensed IP, Results, GalXC Foreground IP or Product IP to such Party prior to any such person performing such activities.