LEI is not for profit, they are the silent IP (risk free) seed partner - PYC is the financial and commercial partner.
That seed is now $18.5m and 6.5% royalty/share of profits to perpetuity for: - VP-001: ~$50m annually - VP-002: ~$50m annually
This annual passive income ~$100m will help fund their future research, is what their after.
The muted valuation of VP reflects current market sentiment/mc of PYC - but reflects the fundamental scientific work vs last valuation - probability rising.
PYC Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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