So you're ruling out a regional deal? I was thinking we might get a regional deal to alleviate the cash pressure and get some external validation. That would allow a proper exchange and institutions to digest our pipeline (revalue it upwards) before doing larger deals from a stronger position.
I would agree that for a worldwide B-OM deal closer to $50M upfront is about right.
Go IPIX!
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All my posts are my own personal opinion and speculation. They should not be used as the basis for any investment decision. No, I am not Scottsmith.