Upon satisfying screening requirements and successful Terms Sheet negotiations, project funding is directed into a company specifically incorporated as the development vehicle.  Projects are managed to an exit strategy, most likely a trade sale or a stock market listing.  The early part of the value-adding process in preparing the project for the listing or trade sale includes:

• Negotiating, drafting and settling agreements;
• Creation and implementation of appropriate business plans, strategies and corporate systems;
• Rigorous progression of the project science and the clinical trial program;
• Recruitment of appropriate talent at board and management levels; and
• Creation and implementation of capital raising strategies.