GREY:ATBPF - Post by User
Comment by
crow27on Feb 11, 2021 1:26pm
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Post# 32542222
RE:RE:RE:IR responce
RE:RE:RE:IR responceRight off the bat Nuance gave ATB 20 million because they want this license. Nuance now has to do all the heavy lifting to run trials/get approval/distribute the product and sell the product.
ATB will get the other 80 million in stages once Nuance moves this through the system or through certain stages. ATB is actually doing nothing for this 80 million. They get this money when Nuance reaches their own milestones.
And then to even sweeten the deal more Nuance gave ATB adouble digit royalty on sales.
If Nuance fails to be able to bring this to market then ATB will only get a little bit of that 80 million.
Thats the way I see it but I could be wrong but I do not think I am. Thats why this is such a big win for ATB. Of course ATB will be involved with certain things but it really is a super payday for ATB if this does pass the trials and sales take-off.