RE: Orgenesis agreements5 Nov 2018 15:53
By the time it reaches the product stage they will have received a lot more than the $1m funding:
- Additional $500k-$1m funding
- Separate distribution agreement tbd
- Separate manufacturing agreement tbd
And probably most important this is a collaboration, so both companies will be working together to advance Hu-PHEC with a mutual interest in seeing it happen.
This deal looks pretty exceptional for what is still an early stage product.
The antibody side is the more advanced project and the main one people invested for so lets see what kind of a deal they can do with that.