Right and Responsibility. Subject to the terms and conditions of this Agreement, commencing on the date Ionis grants Praxis the license under Section 7.1, Praxis, directly or through its Affiliates or Sublicensees, will control and be solely responsible for, at its expense, Researching, Developing, Manufacturing and Commercializing Products worldwide in the Field. Praxis, directly or through its Affiliates or Sublicensees, will use Commercially Reasonable Efforts to Develop and Commercialize Products in the Field in the Major Markets, including by allocating financial resources consistent with such Commercially Reasonable Efforts.
Appears in 3 contracts
Sources: Research Collaboration, Option and License Agreement (Praxis Precision Medicines, Inc.), Research Collaboration, Option and License Agreement (Praxis Precision Medicines, Inc.), Research Collaboration, Option and License Agreement (Praxis Precision Medicines, Inc.)