Preclinical Candidate definition
Examples of Preclinical Candidate in a sentence
In addition, each such report by Merck shall include the approval or designation of any Preclinical Candidate during such period.
The parties shall designate a Preclinical Candidate before commencing Preclinical.
For clarity, the Parties may agree in writing to conduct additional activities as part of the Research Program beyond those specified in the initial Research Plans (e.g., development of Collaboration Compounds meeting Preclinical Candidate criteria), but any such activities shall require additional funding and mutual written agreement on modifications to the relevant Research Plan and Budget.
After approval of an IND for a Preclinical Candidate, the Research Committee may designate that Preclinical Candidate as a Clinical Candidate for the purposes of this Section 3.5. Neither party will commence Clinical Development of any Collaboration Compound or Derivative before such compound has been designated as a Clinical Candidate in accordance with this Section.
Upon completion of the Research Plan activities for the Additional Molecules, the Joint Research Committee shall make a recommendation as to whether an Additional Molecule should be further advanced as a Preclinical Candidate (“PCC”) and presented for PCC nomination to Merck’s internal governance committee.
Without limiting the generality of the foregoing, during the Term, Merck and its Related Parties shall not initiate or conduct, or have conducted, IND-Enabling GLP Toxicology Studies or any Clinical Trial of, or sell, offer for sale or have sold any Collaboration Compound or any Product, unless Merck has approved such Collaboration Compound as a Preclinical Candidate.
Promptly (but no later than thirty (30) days) following approval of the first Preclinical Candidate, Merck and Metabasis shall establish a Joint Development Committee (the “Joint Development Committee” or “JDC”) with an equal number of (not to exceed four (4)) representatives of each party.