JRC definition
Examples of JRC in a sentence
The Parties acknowledge that notice of the Early R&D Milestone Event [***] will be provided through the JRC through provision of the Final [***] DC Data Package by Licensor or through notification by Novartis [***].
Licensor will provide the JRC with any such missing information in the possession of Licensor or any of its Affiliates or responses to such questions and comments as [***], but in any event no later than [***] after the date of Novartis’ request therefor (each Immunology IND Data Package, including any information subsequently provided by Licensor as contemplated by this Section 2.2(f) (Final Immunology IND Data Package), a “Final Immunology IND Data Package”).
Either Party may propose modifications to the Immunology DC Criteria that apply specifically to a given Immunology Target at any time during the Immunology Research Term by submitting such proposed modifications to the JRC for the JRC’s review, discussion and approval.
If, after delivery of the [***] DC Data Package or Final [***] DC Data Package, as applicable, Novartis reasonably believes that Licensor has developed a Candidate Compound Directed To [***] that satisfies the IRF5 DC Criteria, Novartis will notify Licensor in writing thereof, and, [***] following receipt of such notice, the Parties will hold a special meeting of the JRC to discuss and determine whether the applicable Candidate Compound satisfies the IRF5 DC Criteria.
For clarity, Licensor’s participation in JRC meetings pursuant to Section 4.2 (Joint Research Committee) shall not count towards the [***] set forth herein for the applicable Licensed Products.