I found some interesting stuff on licensing fees here:
https://techtransfercentral.com/wp-content/uploads/2009/01/Royalty-Rates-for-Pharmaceuticals-and-Biotechnology-8th-Edition-Sample-Pages.pdf
As PYC have done a lot of pre-clinical work and are now almost in the clinic for VP001, it would attract a higher upfront fee and licensing rate than stuff earlier in development.
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Ann: PYC Corporate Presentation - February 2023, page-13
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