Common use of Further Development Activities Clause in Contracts

Further Development Activities. The Parties, through the Joint Steering Committee, shall negotiate in good faith to amend the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Development Plan and the Palatin Development Plan from time to time for the conduct of additional development activities. Should a Party desire to conduct further development studies for the Product, including, without limitation, post-marketing studies, the Parties shall discuss the possible conduct of such development activities. Each Party shall obtain the Joint Steering Committee’s consent before conducting such further development studies for the Product, such consent not to be unreasonably withheld. Unless otherwise agreed, and except to the extent that such further development studies are included in the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Development Plan and to be paid, in part, by Palatin pursuant to Section 4.1.1(b), *** shall *** costs in connection with such further development studies. Notwithstanding the foregoing, the Parties agree that in the case of any preclinical or clinical study (including the post-marketing studies) imposed or requested by the Competent Authority (in the case of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇) or FDA (in the case of Palatin), each Party shall be free to perform, at its own cost, such study without the Joint Steering Committee’s consent.