Propanc Biopharma Inc (PPCB)

[elkhunter]

Curious how much research can be conducted by a most likely Pre-Med student at the University of Jaen. Per the Annual (10-K). A maximum of $107,502 over a two year period isn't much.

In September 2018, we entered into a
two-year
collaboration agreement with the University of Jaen to provide certain research
services to us. In consideration of such services,
we agreed to pay the university approximately 52,000 Euros ($60,762 USD) in
year one and a maximum of 40,000 Euros ($46,740
USD) in year two. Additionally, in exchange for full ownership of the
intellectual property we agreed to pay royalties of
2% of net revenues to the University.