There are no doubt various funding possibilities for Phase 2,...

There are no doubt various funding possibilities for Phase 2, some of the more preferable may involve a little waiting time. The most preferred IMO would be government grants to cover fair chunk of Phase 2 on which GO ID:GO5208 would be a strong possibility and just a matter of waiting months end before these are issued and how much? Other US based grants could be in play. I would think the company would be best to carry out the Phase 2 on their own & if the data comes up trumps would be in a much stronger position negotiating a partnership deal for Phase 3.