$PTN How long until approval for these regions? In September 2017 we entered into a license agreement with Shanghai Fosun Pharmaceutical Industrial Development Co., Ltd. for exclusive rights to commercialize Vyleesi in the territories of mainland China, Taiwan, Hong Kong S.A.R. and Macau S.A.R. We received an upfront payment of $5.0 million and, when regulatory approval for a Vyleesi product is obtained in China, a $7.5 million milestone payment. We may receive up to $92.5 million in sales related milestones, and will receive high single-digit to low double-digit royalties on net sales in the licensed territories. In November 2017 we entered into a license agreement with Kwangdong Pharmaceutical Co., Ltd. for exclusive rights to commercialize Vyleesi in The Republic of Korea. Palatin retains rights to Vyleesi outside North America, China and Korea, and is in active discussions with potential licensees.
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