@chilunsinApologies for butting in before your addressees...

@chilunsin

Apologies for butting in before your addressees respond. I can’t help myself.

The best structure imo (without sounding obvious) would be high front and high back weighted deal imho.

Obviously the best Net Present Value of now and future payments is the objective, but a high front end implies confidence by the partner that the future milestones will be hit.

A low front end would be like “We think you have something good if you can jump over the hurdles (eg clinical trials) but we’re not that confident that you can so we’re not risking a sizeable deposit.”