Target Research definition
Examples of Target Research in a sentence
The Target Research shall commence upon the Effective Date and shall continue for three years thereafter, extendible for up to two additional years under substantially the same FTE funding and other terms as are set forth herein, with mutual consent.
For purposes of this Agreement, the "Research Term" shall be the period from the Effective Date until the Target Research expires or is terminated pursuant to this Article 3.
Subject to the oversight of the JSC or JMC, as applicable, HMI will be responsible for Manufacturing: (a) Candidates for each Target for Research Activities in accordance with the applicable Target Research Plan; and (b) subject to Sections 8.1.3 (Objective Criteria) and 8.6.1 (Manufacturing Related Rights), Candidates and Products in accordance with the Development Supply Agreement(s), Commercial Supply Agreement(s), and applicable Quality Agreements, as applicable.
Neither Party guarantees the safety or usefulness of any Target, Research Compound or Product.
Subject to the JSC’s review and approval of each Research Plan, the Parties will [***] perform (themselves or through their Affiliates or any subcontractor) the Target Research Activities in accordance with the applicable Target Research Plan and the Exploratory Research Activities in accordance with the Exploratory Research Plan.
As of the Effective Date, the Parties anticipate that the Target Research Activities will result in the identification, synthesis, and further advancement of at least [***] IND-ready Candidate that Modulates each Target, which Candidate(s) NVS may elect to take forward into Clinical Development.
Subject to the oversight of the JRC, Surface has the sole responsibility to Manufacture (or have Manufactured) Option Target Antibody Candidates, including CD47 Option Target Antibody Candidates, for use in the Option Target Research Programs in accordance with the Option Target Research Plans.
Surface will keep the JRC informed regarding the progress of Research activities for the Option Target Research Programs during the Research Term, including a review of results and progress against timelines in the applicable Option Target Research Plan on a [***] basis.
NVS will have the right to Develop and Commercialize [***] arising from the Target Research Activities.
During the Research Term, Surface will be responsible for [***] of all costs and expenses incurred by or on behalf of Surface in connection with the Option Target Research Programs.