Sorry to disagree. Still that is beyond legal aut
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Finally there is money in the commercial markets that would be a lot easier and a lot less expensive. Also the. company could sell more shares to finance the trials. So saying that the company would forego future profits by selling the drug at 1/3 market prices to get some millions of grant dollars does not make sense.
I have had a GSA contracting warrant and a grant warrant. I have never seen your scenario. I would gladly applaud your research ability if you would document such an instance.