DEVELOPMENT OF THE PRODUCT. ELAN shall diligently apply its technical skill and expertise, including the ELAN PATENTS and ELAN KNOW-HOW, in the development of the PRODUCT on behalf of LIGAND. However, it is acknowledged that pharmaceutical research and development incorporates inherent risk in terms of outcomes and, save for acts of negligence or omission by ELAN, ELAN shall have no liability to LIGAND as a result of any failure or delay of the PRODUCT to obtain the NDA APPROVAL in one or more of the other countries of the TERRITORY.
Appears in 2 contracts
Sources: Development, License and Supply Agreement (Elan Corp PLC), Development, License and Supply Agreement (Elan Corp PLC)