The Great Negotiator must really be going over every detail since we will soon be at the two month mark. My main concern is that he has been anticipating major interest in the pipeline and deals since 2011 but nothing has yet materialized. Perhaps slow and steady wins the race.
"Completion of the transaction, as specified in the non-binding term sheet, is subject to further negotiation and execution of a definitive agreement. If the definitive agreement is reached and signed, the Company anticipates that it would receive an upfront payment, plus potential additional regulatory and commercial milestone payments, as well as royalties."