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16:42
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Originally posted by Rustydog62:
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Key terms of the AgreementStatement of WorksThe Agreement is staged into phases with the first two phases being defined. Phase 1 relates to ‘Nanoscintillator Synthesis’ and is expected to have a duration of between 9-12 months with estimated costs of US$450,000-US$500,000. Phase 1 will involve Imagion developing a protocol for synthesizing the yttrium aluminum garnet nanocrystals doped with a praseodymium scintillator.Phase 2 relates to ‘Coating and Linker Chemistries’ and is expected to have a duration of between 9-12 months with estimated costs of US$450,000-US$500,000. Phase 2 will involve Imagion developing surface chemistry to enable a linker (holding a therapeutic payload) to be attached to the nanoscintillator crystals.The estimated costs above include material, labor and any third party or subcontracted costs and will be invoiced by Imagion to GCT. Neither the estimated timing or costs are binding on either party and are included within the Agreement as a guide only and are subject to change. Preliminary works have commenced in relation to Phase 1 of the Agreement.
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Exactly my point. These activities are steps in designing the compound to be used. After all this they'd then need to go into pre-clinical studies. Extremely early stage stuff.
