Stage 1 – Initial evaluation
- Initial scientific evaluation
- Identifying each candidate as a potential partnering opportunity
- Evaluation of business hypothesis
- Entry into a CDA (confidential disclosure agreement)
Stage 2 – Full evaluation
- In-depth internal evaluation of confidential material to confirm scientific rationale
- In-depth internal commercial assessment of business rationale
- Initial business case development
- Development of non-binding terms
Stage 3 - Due diligence and confirmation of business rationale
- Completion of due diligence
- External validation of business rationale, including market research, and exclusivity assessment
- Confirmation of business case
Stage 4 - Negotiation and contracting
- Negotiating deal terms and conditions
- Finalising deal terms and conditions
- Finalising contract