Common use of Development and Commercialization Efforts Clause in Contracts

Development and Commercialization Efforts. PMC shall develop, commercialize and market Products using efforts at least comparable to the resources PMC invests in its internally developed priority projects. Without limiting the foregoing, PMC (i) shall conduct such preclinical and clinical trials as are necessary or desirable to obtain all regulatory approvals to develop and commercialize such Products as and where PMC determines are commercially feasible, (ii) shall diligently develop and obtain necessary approval to market such Products (including, as the case may be, pricing approval), and (iii) shall commence marketing and market such Product in each country in which PMC has received all applicable regulatory approvals therefor. PMC shall comply with all applicable good laboratory, clinical and manufacturing practices in the development and commercialization of such Products, and shall cause its Affiliates and subcontractors to do the same. PMC shall be solely responsible for funding all costs of the development and commercialization of each such Product. PMC shall keep CORIXA informed in a timely manner as to the progress of the development of Products.