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Biotech / Medical : VaxGen Inc.-The 1st AIDS Vaccine in Phase 3 HumanTrials

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To: glen who wrote (51)7/7/1999 12:49:00 PM
From: Manfred Sondermann  Read Replies (1) of 250
 
Here is a cutting from the S1 filing:

>We intend to use Genentech as our partner to manufacture and
>distribute AIDSVAX. Genentech has exclusive options to manufacture
>and market AIDSVAX on specified financial terms.

What does that mean? Does that mean that Genentech is making the big
money if AIDSVAX is successful? If so, how much would VXGN earn?
10 per cent, as usual?

I wonder if VXGN only does the hard work and Genentech is the big
winner?
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