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Re: None

Monday, 08/31/2015 4:51:57 PM

Monday, August 31, 2015 4:51:57 PM

Post# of 50667
Under the terms of the agreement, OXIS paid MCIT a license fee of $500,000, and will reimburse MCIT up to $1.125 million in development costs for the three ADC product candidates. Oxis will also pay up to $12.75 million in clinical development milestones, and was granted an option to purchase manufacturing rights to the three ADCs upon payment of an additional $10 million.

What is the timetable on this $10M? This would certainly rocket MCET.