could an M118 partnership require MNTA to pay significant co-development costs?
Yes; however, if MNTA had an M118 partner in waiting, it would have made more sense to announce the partnership first and then raise money. Hence, I don’t think MNTA is raising money for M118, specifically.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”