McNamm, let's not be soo demanding of mgmt in number of...

McNamm, let's not be soo demanding of mgmt in number of applications right now, although I'd be more demanding of upfront fees than $3m each...i'd expect that bigger applications will receive bigger upfront fees than GVHD.
I'd be happy with just GVHD from Fuji which is what we were all expecting only a few weeks ago. Another application would be a fantastic bonus...note we don't make the decision for Fuji. Plus not so concerned about how many applications with Fuji as I am with the terms. But once GVHD is set you'd expect a few applications to be announced starting from within a few months onwards. These things don't all happen at once and i think we wanted GVHD first.
But looking forward, it would be fantastic if we had GVHD plus one other from Fuji. Then there is OA which is grant funded, then perhaps we fund one ourselves. Maybe an additional partner within 1-3 months for another application, followed by another a few months later. And the recent Victorian $150m to fund 2-3 to be announced end of the year (not sure of their timeline). This would be an incredible outcome by around year end, 5+ phase II announced with three already running, nice to dream about the upside.