Hi DS, this is from Nick Woolf...
Hi Tony,
This is a well thought out post. I'm reluctant to comment specifically but I would remind the market that we are aiming to close deals in the near term that have upfronts. Also, we are hoping for substantial payments from Pfizer and Roche/Genentech if they decide to exercise their options to license. The next scheduled payment from Janssen is chunky and comes on the 12-month anniversary.
Nick
Ann: Phylomer licenced to Le metier de Beaute , page-47
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