What is the one word we all need?, page-47

Hey Bio can you have a go at answering a couple of lingering questions for me, when Dox phase 1 ends and they get into phase 11 the data you seek will be public knowledge (hopefully) what happens as they progress thru phase 11 do they go to phase 111 and do it themselves ( I understand this is costly and needs big resources usually done by big pharmas) or does she then look to licence (or sell) it on to a big pharma if that is the case what do the financials for the deal look like best guess, thanks in advance always appreciate your replies.