RE: Cash-Flow6 Nov 2023 15:55
Here's a quick example I found whilst quickly googling at work, Surfer - a recent agreement between Quell therapeutics and Astra-Zeneca. Nice figures: $85M upfront and over $2 BILLION in further milestone payments PLUS potential royalties and further payments/royalties etc for U.S. sales.
Something similar would be OK for Synairgen I'd guess...
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Financial considerations
Quell will receive $85 million upfront from AstraZeneca, which comprises a predominant cash payment and an equity investment. Quell is also eligible to receive over $2 billion for further development and commercialisation milestones, if successful, plus tiered royalties.
In addition, Quell retains an option, which can be exercised either after approval of an Investigational New Drug (IND) application or at the end of the Phase I/II clinical study, to co-develop Treg cell therapies from the T1D programme with AstraZeneca in the United States in exchange for additional milestone payments and increased royalties on US net sales.
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ATB & GLA