Common use of Other Development Activities Clause in Contracts

Other Development Activities. For the three (3)-year period of time beginning within the first calendar quarter of 2006 and ending three (3) years thereafter, PFIZER shall pay to ▇▇▇▇▇ no less than [***********************************] per year for the development work to be specified in the ▇▇▇▇▇ Work Plan; any amounts in excess of a total of [**********] for such development work must be mutually agreed to by the parties. The ▇▇▇▇▇ Work Plan could include, without limitation, preclinical, clinical, biomarker work or other similar activities with respect to the Compound and will include the budget and deliverables for the activities to be conducted by ▇▇▇▇▇. The ▇▇▇▇▇ Work Plan will be updated, as appropriate, to reflect material changes and submitted to the Development Committee for approval as described in Section 4.5(a) below. PFIZER shall pay to ▇▇▇▇▇ [*******************] of the budgeted amount for each project or work activity prior to the commencement of such project or work activity and [*******************] of the budgeted amount upon the completion of the deliverable for each such project or work activity. If the scope or resources required for a deliverable changes materially during the course of the development activities, ▇▇▇▇▇ will promptly notify the Development Committee, and the Development Committee will work, in good faith, to modify the ▇▇▇▇▇ Work Plan or adjust the budget, as appropriate.

Other Development Activities. For the three (3)-year period of time beginning within the first calendar quarter of 2006 and ending three (3) years thereafter, PFIZER shall pay to ▇▇▇▇▇ no less than [*********************************************] per year for the development work to be specified in the ▇▇▇▇▇ Work Plan; any amounts in excess of a total of [**********] for such development work must be mutually agreed to by the parties. The ▇▇▇▇▇ Work Plan could include, without limitation, preclinical, clinical, biomarker work or other similar activities with respect to the Compound and will include the budget and deliverables for the activities to be conducted by ▇▇▇▇▇. The ▇▇▇▇▇ Work Plan will be updated, as appropriate, to reflect material changes and submitted to the Development Committee for approval as described in Section 4.5(a) below. PFIZER shall pay to ▇▇▇▇▇ [*******************] of the budgeted amount for each project or work activity prior to the commencement of such project or work activity and [*******************] of the budgeted amount upon the completion of the deliverable for each such project or work activity. If the scope or resources required for a deliverable changes materially during the course of the development activities, ▇▇▇▇▇ will promptly notify the Development Committee, and the Development Committee will work, in good faith, to modify the ▇▇▇▇▇ Work Plan or adjust the budget, as appropriate.