re: Ann: Phylogica Signs Collaboration and Li... Mangements credibility is standing tall from here - they began the year stating that the goal for 2010 was to achieve 3 partnerships with major pharamceutical compnaies by December & as of today they have met this task.
Furthermore they have already stated that the goal for 2011 is to reach atleast another 3 partnerships - with discussions ongoing with over 10 companies the road looks good....
These deals are not flash bang things they usually take months to complete, as even to enter company's of this calibre will be doing significant due dilligence before committing - i'm pretty sure that there would be others already doing so with the anticipation of signing in 2011.
Heres a good image from the AGM presentation displaying how the Business model works amongst peers...
Ann: Phylogica Signs Collaboration and Licensing , page-26
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