In reality the trial results were just a massive massive bet and...

In reality the trial results were just a massive massive bet and all the other material surrounding ongoing funding, the covenants, the requirement to pay huge amounts to the investors immediately after granting a licence (ie: perhaps 2 years before manufacturing and how long before revenues begin to flow?), whether they could raise capital again, whether they could get a loan (for which both they would need the investor's permission) - this negotiation will not be only about the success of the trial - if the next trial is successful they could easily go broke anyway. It was not a good deal