We received the info posted on the website, but not all the info needed to answer your question. I am sure there is some sort of time frame discussed in the agreement, AS paid us a small upfront amount of cash but the milestones are what triggers further payments up to $24MM, but still unknown are all other discussions as to what is considered "successful marketing" of B for UP/UPS, and the actual specifics of the Right of First Refusal. I am sure IPIX covered it's B property rights to the hilt as Leo knows its full value.
The IBD indications for UC/Crohn's and other conditions will bring a very heavy price and whether AS has the assets and the determination to outbid all others for it has many in doubt, me among them. If they pay the price, though, I don't have anything against them. It is not as if any other BP has done squat to earn a seat at the IPIX dinner table yet.
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