Posted On: 11/20/2013 9:58:40 PM
Post# of 72444
Pistola, I am far from an expert on the subject but I believe you mean partner with CTIX for B. As far as I know, pretty sure we aren't going to sell the drug outright. In simple terms, a company would partner with CTIX by giving CTIX an upfront cash payment of say (probably/hopefully conservative) $50 million. Depending on the negotiations, the partnering company would pay for most/all of the development of the drug through FDA approval while paying CTIX milestone payments when the drug met certain pre established milestones, throughout the process. If/when the drug is approved, partnering company would have exclusive marketing rights, being either worldwide or certain territories. At which time CTIX would also make a % of sales.
That is a very basic overview. Of course each deal is different. Hope that helps
That is a very basic overview. Of course each deal is different. Hope that helps


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