That has to be the richest deal for a single Phase I compound I have ever seen.
As part of this purchase, ABT presumably picked up PanGenetics’ IP for the anti-NGH pathway and all of the analogs of the lead drug. The deal terms are still astonishingly rich, but ABT is getting a little more than a single phase-1 compound.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”