CFP: The following is from the "Bioshares Top10 Picks for 2011". It is referring to possible value of the PYC deals. ................. Revenues under these deals can see typical milestone payments of $1-$1.5 million on election to develop a screening program discovery candidate, US$1 million on the completion of toxicology studies, US$1 million on the completion of pre-clinical studies and $2 million when a Phase I program is commenced . ................
To my knowledge PYC are at the "election to develop a screening program discovery candidate" stage.
The "Phase 1" Bioshares is referring to is clinical trials (which are normally termed Phase 1 or 2). Any screening before is termed pre-clinical. ST
PYC Price at posting:
6.5¢ Sentiment: None Disclosure: Held
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