Research Program definition
Examples of Research Program in a sentence
Novartis may exercise the Option for an Immunology Research Program by delivering written notice of such exercise to Licensor at any time during the Option Period (each such notice, an “Option Exercise Notice”).
In further consideration of the licenses and other rights related to the Immunology Research Programs granted to Novartis hereunder, on an Immunology Research Program-by-Immunology Research Program basis and subject to Section 9.2(a)(iii) (Acceleration upon Exercise of the Second Option), in the event that Novartis exercises the Option with respect to such Immunology Research Program in accordance with Section 3.1(b) (Option Exercise), Novartis shall pay [***].
The Parties do not anticipate that any Regulatory Materials will be submitted to or received from any Regulatory Authority with respect to any Research Program prior to Novartis’ receipt of the Final [***] DC Data Package or expiration of the applicable Option Period, as applicable.
For the avoidance of doubt, subject to Section 2.2(b) (Conduct of Immunology Research Activities), the Immunology DC Criteria are provided for guidance purposes only and no designation of a development candidate will be required or occur with respect to any Immunology Research Program.
All Inventions discovered, generated, conceived or reduced to practice from and after (A) the Development Candidate Designation, with respect to the [***] Research Program or (B) the License Effective Date, with respect to each Immunology Research Program, shall be solely owned by Novartis.