Nov. 17 at 7:02 PM
$PRLD "Per Prelude's 10-Q, the amended/expanded
$ABCL deal (Q3-Oct 2025) gave AbCellera a non-exclusive license to use Prelude's degrader payloads and worldwide control of the newly licensed DAC programs at AbCellera's cost. Prelude is eligible for customary downstream milestones and single-digit royalties on those additional licensed DACs, and the original 2023 joint collaboration (up to five programs) remains in effect."...(beyond the
$6 million cash Prelude receives right now)