Intellipharmaceutics International Inc. (IPCI)

[mopar44o]

Under the terms of the 10-year agreement, we received a non-refundable upfront payment of $3 million in October 2016. In addition, the agreement also provides for a long-term profit sharing arrangement with respect to these licensed products (which includes up to $11 million in cost recovery payments that are payable on future sales of licensed product).

Wonder if they maybe have to hit a milestone for the cost recovery payments