Examples of Stage 2 Research in a sentence
Each party agrees to use its best efforts to assure the complete and prompt exchange of Background Technology, Collaboration Technology and the results of all activities conducted pursuant to the Stage 1 Research Plan, the Revised Stage 1 Research Plan and/or the Stage 2 Research Plan.
The scientific priorities and direction of the parties' respective staff under the Stage 1 Research Plan, the Revised Stage 1 Research Plan and under the Stage 2 Research Plan will be determined by the Management Committee.
Lipha must ensure at all times that Stage 2 Research is conducted and Products are developed, manufactured, tested and used strictly in accordance with all relevant applicable requirements and standards of relevant jurisdictions and Lipha will be responsible for conducting its own independent examination and verification of the accuracy and suitability of Pre-Stage 2 Results and for ensuring the same are suitable for the purposes for which the same are used.
Whilst Lipha is continuing Stage 1 Research, Stage 2 Research, Further Development or paying royalties to Autogen under any Commercialisation Licence, Lipha has a non-exclusive royalty free right to use the Pre-Stage 2 Results for the purposes of its own internal research for human therapeutic purposes.
Lipha will use its best endeavours to progress each Stage 2 Research Program in a timely and diligent fashion and with a substantial dedication of resources.
If, and each time, Lipha exercises its option under clause 3.5 or 3.9 then the Parties agree, if it is necessary, to enter into a Complementary Agreement which will take effect no later than 6 months prior to completion by Lipha of relevant Stage 2 Research Program.
If such right is terminated by Warner in accordance with the preceding sentence, any compound which is or becomes the subject of the Stage 2 Research Plan (or similar plan of research) as an IL-8 Inhibitor (or as an inhibitor for a chemokine other than IL-8 pursuant to Option 3) shall become a Warner Product subject to the terms and conditions of this Agreement.
Subject to the terms and conditions of this Agreement each party hereby grants and agrees to grant to the other a non-exclusive, worldwide, royalty-free license to use such party's Background Technology and Collaboration Technology for research and development of an IL-8 Inhibitor under the Stage 1 Research Plan and under the Stage 2 Research Plan and as to LeukoSite for development of a LeukoSite Product and as to Warner for development of a Warner Product and/or Warner-LeukoSite Product.
After completion of the relevant Stage 2 Research program Merck must use reasonable endeavours to promptly complete Phase III clinical trials, and to apply for and gain Registration in its own name in respect of one or more Products.
In no event will LeukoSite be required to perform (nor shall Warner be required to fund) activities under the Stage 2 Research Plan which would require support for more than five (5) persons per year; provided, however, that in all events LeukoSite will be reimbursed only for work approved by the Management Committee.