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I heard on another service that the Niclosomide results that were PR'd April 19 sometimes thereabouts started a clock ticking on this option:

UNION Therapeutics A/S has an option to exclusively license the dry powder formulation of niclosamide, in which case it would take over responsibility for further development.

Some people thought it was 60 or 90 days to exercise the option but that the clock did not start ticking exactly on 4/19, maybe a bit later.

That poster on the other service estimated about $10M initial payout and then other milestone and royalty payments as the development progressed.
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