Common use of Co-Development Clause in Contracts

Co-Development. The Parties agree to co-develop an Therapeutic Collaboration Product according to the Therapeutic Collaboration Workplan. Such Workplan shall be agreed upon by the Parties prior to execution of the Therapeutic Collaboration Product Agreement. The Workplan will define specific roles and responsibilities of each Party in the development of the Therapeutic Collaboration Product. Upon execution of the Therapeutic Collaboration Product Agreement, the Parties shall establish a Joint Development Committee, which shall be comprised of an equal number of representatives from MERCK and ALNYLAM, to work collaboratively through final regulatory approval on issues relating to clinical development, including regulatory issues, of the Therapeutic Collaboration Product.