@Davidboon@stockrocket
I do not believe people are interpreting this correctly...
"Mesoblast being eligible to receive payments up to US$112.5 million prior to product launch in the EU, inclusive of US$17.5 million already received,..." as per bridog - I believe this means US$150M - US$17.5M (already received by MSB) = US$132.5M
As stockrock points out, the US$20 would be deducted due to not having to run a confirmatory trial in EU.
US$132.5M - US$20M = US$112.5M
Glad to be corrected.... So the upfront money has only been reduced by US$20M due to no EU trial (?)....
Ann: Mesoblast Update on Chronic Low Back Pain Program, page-199
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