We see above the middle east has milestones of roughly half that of the EU deal. However, EU has significantly more patients than middle east / UAE at roughly 85,000. Middle east market didnt even score a mention in the investor market size presso.
So, with the EU deal done prefutility, and the middle east done after, there's a huge difference in negotiation outcome / leverage.
NB: dont pencil in the USA and China as being the remaining 70% market and therefore give that 70% deal value of whats already been made at about $300m. No. The remaining 70% in milestone agreement deal terms could be more like $50-$100m+ upfront. $1.5B+ in milestones
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