The new PYC management look to have done a great job singing this new deal which looks to possibly be very profitable.
"Under the terms of the agreement, Phylogica will receive an upfront payment of US$500,000. In addition, Phylogica is eligible to receive research, development, and commercialization milestone payments totaling up to US$142 million. "
Very nice.
Ann: Licensing Agreement with Genentech / Roche, page-3
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