Just logically looking at plausible timelines. Phase 3 is imminent- the Pfizer therapeutic phase 3 trial was halted early on positive results. Biotron will be well motivated to start phase 3 ASAP.
Don’t forget that the BIT-225 HIV trials are ongoing too. Biotron will sell the full kit or not at all. They will not dilute a potential value of BIT-225 with HIV by first forming a partnership where it would be used as a therapeutic for COVID. If Big Pharma wants in, they’ll have to pay for both.
MM will have a dollar value in mind. The moment that cheque is big enough, it will sell.
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