(Total Views: 309)
Posted On: 03/12/2020 9:00:34 PM
Post# of 36566
Pokey, you are right. Original PR on 2/27/2020. Says upfront payment of $1M
“The terms of the contract, which have been agreed to in writing by both parties, include an upfront payment of $1 million to initiate the project work in the United States, a $5 million licensing fee for the Ii-Key technology, payment by the Chinese consortium for all costs and expenses related to the development of a COVID-19 vaccine, and a 20% royalty on each dose of vaccine produced.”
https://finance.yahoo.com/news/generex-provid...31898.html
“The terms of the contract, which have been agreed to in writing by both parties, include an upfront payment of $1 million to initiate the project work in the United States, a $5 million licensing fee for the Ii-Key technology, payment by the Chinese consortium for all costs and expenses related to the development of a COVID-19 vaccine, and a 20% royalty on each dose of vaccine produced.”
https://finance.yahoo.com/news/generex-provid...31898.html
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
