definiens: shall mean a peptide that is designated by Zealand, or any of its Affiliates or ( sub)licensees for further development in accordanc e with its internal criteria for pre - clinical development, consistently applying in good faith its then current policies and procedures for such designatio n, and is ( a ) a Selected DRP, or ( b ) a peptide that is derived from a Select ed DRP ( for example, by modification or conjugation ), or by the use of Rese arch IP or Background IP of Protagonist ( if such Background IP is covered by a Valid Claim ), or ( c ) analogs, fragments, progeny, sub - cellular constitue nts or expression products thereof that are obtained or developed during the R esearch Term, or ( d ) analogs, fragments, progeny, sub - cellular constitue nts or expression products thereof that are obtained or developed after the Re search Term and having activity and selectivity [ * ] than the activity and selectivity values for [ * ], or having an affinity for [ * ] than the affinity of [ * ]