"There may be a Phase 3 Start payment, but it's not certain."
Wow. "(1) US$ 1 million, upon Commencement of the First Phase III Clinical Trial;"
It's the first cotton pickin payment and it took me less time to find it than it would have taken me to type "There may be a Phase 3 Start payment, but it's not certain."
"AS is very likely running the Phase 3 UP trial" If they don't, nobody will.