all correct sector. I am worried though at how hard Fuji can squeeze CYP without any other partners on board..... my thoughts are, they want rights to other indications with little outlay until phase 2 is well down the track..... in one of their presos they speciically stated they wanted others to bear the early stage risk.
They take a further 10% of the company for 20M. Gives them a good chunk, also gives CYP money to advance more pre clinical and some phase 2, and its pocket change for Fuji.
this is all without even mentioning manufacturing rights.
deal, page-23
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