"By the way, unless SPL secures a source of revenue then SPL's cash may run out before POC is achieved for just the first conjugate. As all the terms of the deal appear to be secret, each poster can make up their own guesses as to what the terms might be. My guess is that there might be a term that states something like if SPL goes bust then Petalion will become the owner of whatever IP SPL has granted them the exclusive use of."
Amid all the hype this post from Esmer is absolute key. Can SPL live long enough to see the end of this? In the absence of some serious revenue it is unlikely SPL will be here in 3-4 years. This deal is a side-show to the existential short term problems.
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