It won't take a full 12 months IMHO - Genetech will have made a decision by Q3 next year - the excercise or payment may be a Q4 thing as funding rounds are managed differently. The first payments if excercised will give PYC a few years extra - the would go something like - 2,4,6,10,40,40,40 for relevant milestones like excercise, a few preclinical milestones and then Phase 1,2,3 trials. All USD of course which is good for PYC in AUD. Then there is they royalty stream which was not in the 142m.
Oncology will be worth much more (if successful).
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pyc therapeutics limited
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It won't take a full 12 months IMHO - Genetech will have made a...
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