Common use of Additional Targets Clause in Contracts

Additional Targets. At any time during the Screening Period, Cubist may provide Pharmacopeia notice that Cubist wishes to drop a Target from this Agreement and designate an additional target as a Target for all purposes of this Agreement. Within fifteen (15) days of receipt of such notice, Pharmacopeia shall, at its sole discretion, accept or deny the designation of each such proposed target as a Target by notice to Cubist. Upon Pharmacopeia's notice of such acceptance, if any, Cubist's right to negotiate a further agreement with respect to such dropped Target shall terminate.

Appears in 2 contracts

Sources: Library Sample Evaluation Agreement (Cubist Pharmaceuticals Inc), Library Sample Evaluation Agreement (Cubist Pharmaceuticals Inc)