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Friday, February 19, 2016 3:56:29 AM
Like getting a loan without interest
LOL, not quite so, but an interesting comparison
nevertheless.
The PR says:
The non-dilutive grants are repayable from royalties generated from future sales of BiondVax's vaccine, once
available on the market.
Of course i have no idea of the details however
there is an agreement which enables NATI to
provide funds in return to getting royalties.
Naturally if the vaccine proves a flop, NATI gets
absolutely nothing in return.
If however the vaccine does generate income, the royalties
are in % of sales for a set amount of (quite many)
years, thus enabling NATI to assist/invest in other
potential projects!
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