Milestone Event

Amount

Enrollment of first patient in a phase II clinical trial of a therapeutic product or process

$

100,000

Enrollment of first patient in a phase III clinical trial of a therapeutic product or process

$

200,000

First commercial sale of a therapeutic product or process

$

1,000,000

Filing of an application for regulatory approval of a clinical diagnostic product or process

$

100,000

First regulatory approval of a clinical diagnostic product or process

$

150,000