Payments for Assay Development Clause Samples

Payments for Assay Development. CFF will pay assay development milestones to Aurora upon ***. The characteristics of the assays and associated data required for evaluation as a CF Assay or CF-Related Assay will be made available to CFF and the Chemistry Advisory Group. Such assay(s) will *** validation and payment of such milestone. The milestone amount for the *** is *** dollars ($***) to be paid by CFF within *** days of notice by Aurora that such assay ***. The parties anticipate, subject to a greater understanding of the biology and chemistry of CF Targets by the parties, that during the Collaborative Period *** CF Assays or CF-Related Assays ***. New CF Targets under consideration, and a schedule for CF Target development and implementation in screening, are and will be described in the Work Plan. Validation of CF Assays and CF-Related Assays is subject to the approval of the Steering Committee after recommendation of the Collaboration Committee using guidelines described in the Agreement and such approval will take no longer than *** days. The first such assay is likely to be *** September 9, 1999 between the parties.