Common use of Initial Results Clause in Contracts

Initial Results. If JT determines that, based on the Initial Results for a given JT Target, screening of additional Compounds in the Tularik Library may be useful in relation to such JT Target, then based upon such Initial Results, the Parties may select a set of up to [ * ] additional Compounds from the Tularik Library (the "Second Round Compounds") that the Parties believe will exhibit the greatest likelihood of an acceptable level of [ * ] in relation to such JT Target. Anything in this Section 2.2.4 to the contrary notwithstanding, the Second Round Compounds selected by the Parties shall consist of: [ * ].

Appears in 2 contracts

Sources: Screening Agreement (Tularik Inc), Screening Agreement (Tularik Inc)