Wild that the readout is mid next year and you think that they won't have a licencing agreement before that to assist the immediate roll out? assuming success? That would be a weakened negiotating position because we'd need an immediate solution. I dont know? 150m for a late stage phase 3? We should be closer to 300m+ not sure why everyone is sure of a slow drift, rather than rapid rerate perhaps triggered by full enrolment or a deal.
Ann: Investor Presentation, page-150
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