It won't be anywhere near that upfront amount as I'd say they'd be using the new platform, meaning they don't have the data or product patent to justify a $20m upfront.
I'd guess something around $1m + payments along the way for milestones i.e. once we've got ABC data you get paid xyz. vs a traditional $20m and once you've done the paperwork (registrations + submissions etc.) get another $90m.
The company has harped on about "Co Dev" deals so I'd say 001 could maybe be that???
If they use the old platform they might get a larger upfront, but I don't see the company wanting to run with old tech?
I'd doubt 001 is on the cards though? Wouldn't it be Zolpi or Artimist to land next?
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