Re PTLA Dew ..Dec 19th Bristol- Meyers and Pfizer signed a $50m loan agreement with them . This loan is non-secured and does not involve any transfer of patent ownership or licenses . No shares , options , warrants etc will be issued in connection with this loan .
Repayment of loan is primarily thru royalties on commercial sales . They ( BM and Pfizer ) appear to be betting on approval for some indications ?