RE: Genmab milestone28 Oct 2024 12:30
Ipad, I agree with you. I think it was Berm ( apologies if not ) who stated the upfront payment was low because it was a novel product , but it broke the ice for potential further deals.
Did Goodfellow get Scancell a good deal ? Well compared to the deals Marcus keeps posting on the other BB .... it does seam a very, very low initial payment. If it was the case that it was the ice breaker ....we can only be grateful that we have the next potential deal lined up under the current £1m / $1m ( was it dollars or stirling) exclusivity payment . Either the low upfront set a president for this platform or the new management team post Goodfellow have secured an excellent deal ... the sort Marcus post about.
Anyway... not long now to wait before we find out.
If Scancell get excellent trial results prior to the "decision " we may not appear to be so vulnerable and hence we could negotiate harder... but I think LD said the deal was already done and it was simply a case of ...yes ..or ..no ?