Common use of Initial Targets Clause in Contracts

Initial Targets. During the Research Period, ImClone may designate up to *** Collaboration Targets per *** under the Research Program. During the initial *** *** of the Research Program, subject to the Research Plan it is anticipated that the Collaboration shall initially focus on up to *** Targets as follows: **** *** (collectively, the "Initial Targets"). With respect to Colloboration Targets, the RMC will determine whether to continue to pursue work against designated Collaboration Targets and will prioritize the activities of teh Project Team against such Collaboration Targets. In the event that the results of the initial screeening activities of ImClone with respect to the Initial Targets specified in Section 4.1 *** *** which shall determine whether such Targets are suitable for designation as Additional Targets. Subject to the dispute resolution mechanism provided for in Article 6, ImClone shall have the right to make a final determination as to whether to continue or pursue work against any Collaboration Target if the respective Chief Executive Officers of CombiChem and ImClone are unable to resolve any dispute concerning the same. In addition, ImClone's right to designate or substitute a Target (including those Additional Targets set forth in Section 4.2) relating to ImClone's Areas of Interest shall be subject to the written notice and approval requirements specified in Section 4.2(b). *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.

Initial Targets. During the Research Period, ImClone may designate up to *** Collaboration Targets per *** under the Research Program. During the initial *** *** of the Research Program, subject to the Research Plan it is anticipated that the Collaboration shall initially focus on up to *** Targets as follows: **** *** (collectively, the "Initial Targets"). With respect to Colloboration Collaboration Targets, the RMC will determine whether to continue to pursue work against designated Collaboration Targets and will prioritize the activities of teh the Project Team against such Collaboration Targets. In the event that the results of the initial screeening screening activities of ImClone with respect to the Initial Targets specified in Section 4.1 *** *** which shall determine whether such Targets are suitable for designation as Additional Targets. Subject to the dispute resolution mechanism provided for in Article 6, ImClone shall have the right to make a final determination as to whether to continue or pursue work against any Collaboration Target if the respective Chief Executive Officers of CombiChem and ImClone are unable to resolve any dispute concerning the same. In addition, ImClone's right to designate or substitute a Target (including those Additional Targets set forth in Section 4.2) relating to ImClone's Areas of Interest shall be subject to the written notice and approval requirements specified in Section 4.2(b). *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.