Item 52: To date, the CTE Parties have not paid t
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To date, the CTE Parties have not paid the $1 Million upfront payment nor the $5 Million licensing fee that are due at the initiation of the project, therefore no information nor technology has been exchanged.
Item 63:
As of the date of this prospectus, the CTE Parties had not made the $1 million upfront expense and to our knowledge, the activities under the COVID-19 Collaboration Agreement were pending before the Chinese regulatory agencies.
https://www.sec.gov/Archives/edgar/data/10597...forms1.htm