AEPP / Oncolix has a worldwide patent portfolio of over 30 patents for Prolanta. Early funding for Prolanta came from the Susan G. Komen Foundation and the US government.
More recent funding has been in the form of accredited investors, endowments and trusts, like the family trust of Ernest Mario.
Ernest Mario served as Chief Executive Officer of Glaxo Holdings, plc, based out of London, England, known today as GlaxoSmithKline NYSE:GSK.
Ernest Mario was also the Chairman and CEO of Alza Corporation, based in Palo Alto, CA, from 1993 until the company was purchased by Johnson & Johnson, Inc, NYSE: JNJ in 2001.
Participants in these private offerings are likely investing in a royalty stake of future revenue when/if Prolanta goes to market.
Accredited investment often differs from PIPE financing that can be toxic or dilutive to current shareholders.
With the latest round of private offerings (from early 2017,) currently being completed, AEPP could continue clinical trials without any need to dilute.
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