Hi DS
RE"
I'd go for a decent upfront (Euro 2-5m - this is not a drug discovery) and offer the first 1 or 2 applications at a modest royalty (1-3%) but if it genuinely does multi then royalties step up to 3-10%. Some sort of variation of that - might be a lower royalty for the first 2 years while sales ramp up."
Not in my book
This was joint risk =joint reward
IMO let the royalty be fair to Anteo from day one
RB
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