Common use of Exclusive Option Clause in Contracts

Exclusive Option. During the Option Period, EYETECH shall have the exclusive right and option to select for further Development and Commercialization hereunder (the “License Option”) (i) Program Compounds based on its own analysis of information provided by ARCHEMIX hereunder, and/or (ii) Compound Candidates.

Appears in 2 contracts

Sources: Research and License Agreement (Archemix Corp.), Research and License Agreement (Nitromed Inc)

Exclusive Option. During the Option Period, EYETECH shall have the exclusive right and option to select for further Development and Commercialization hereunder (the “License Option”) License (i) Program Compounds based on its own analysis of information provided by ARCHEMIX hereunder, and/or (ii) Compound Candidates.

Appears in 1 contract

Sources: Divestiture Agreement (Ophthotech Corp.)