Once clinically proven in a first indication (e.g. cow’s milk allergy, asthma), our technology will be an attractive licensing option for several other relevant allergy indications, and new application areas like auto-immune diseases.
Our strategy is to establish early stage industrial collaborations with companies that are actively developing allergen based product. These collaborations will pave the way to strategic alliances, licensing agreements and generating joint IP with these companies. In these early stage development projects with industrial partners, the partners either contribute for a large share to the development costs or become partner in a subsidized project. In these projects we aim for preclinical proof-of-concept for the cancer vaccine application and for the allergy applications. Follow-up early stage development with early stage partners will be settled in a R&D/IP contract, where funding is based on a cost-plus model. In this model the industrial partner bears the cost for further development plus an additional payment to allow revenues. Reimbursement schedules will differ for each contract, depending on the stage of development, further development program, type of end product envisioned and the negotiation position of the parties.
The early stage collaboration with prospective clients will contribute to an important early cash flow through revenues from upfront payments and success milestones, related to the phasing fo the development process. Proceeds will be employed to further expand the DC4U's GlycoDC technology, to fund new allergy pipeline applications and the growth of the company with respect to number of employees and expand the research laboratories.
