What do you make of this; GlaxoSmithKline (GSK) entered into an exclusive licensing deal with private Austrian biotech Apeiron Biologics worth potentially $330 million. Under the terms of the deal, GSK gains exclusive rights to APN01, an early stage drug for the treatment of acute respiratory distress syndrome. Apeiron will get approximately $17.5 million upfront in cash and equity investments, and could receive as much as $330 million in developmental milestones plus royalties on any future sales. APN01 is a recombinant human angiotensin converting enzyme 2 or ACE2. Russ.