Common use of Annual Development Reports Clause in Contracts

Annual Development Reports. During the period beginning on the Signature Date and continuing until the commercial launch of the first Licensed Product, Otonomy shall provide annual written reports to DURECT summarizing material development and regulatory activities undertaken by Otonomy with respect to the Licensed Products. All such reports shall be provided to DURECT strictly for information purposes only and all information contained therein shall be treated as Otonomy’s Confidential Information in accordance with Article 11.

Appears in 2 contracts

Sources: License and Commercialization Agreement (Otonomy, Inc.), License and Commercialization Agreement (Otonomy, Inc.)