Partnering with industry leaders is a key component of our growth strategy and is focused on our pipeline programs.
In our collaborations, we strive to establish a strong cultural, scientific and commercial fit with our partners to drive exceptional value for all parties. We typically seek up-front license fees, collaborative research funding, milestone payments for significant developments and royalties on product sales. We also seek to retain some measure of downstream rights in order to maximize opportunities for innovation and growth and enable the company to build for the future.