Biotech Values

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INHX/Cardiff-

On the financial benefits, a spokesperson said: "As is standard with many such agreements in the pharmaceutical sector, the deal has been structured to allow milestone payments to the university as and when INX-189 passes each trial stage in its clinical development.

"The anticipated completion date for this process is 2015 or 2016.

"The deal also includes further royalty payments should the drug reach market."

http://www.bbc.co.uk/news/uk-wales-south-east-wales-16512725