Logged Activity – AC-160105-085 – 160418 – UPDATE

Date Sourced: April 11, 2016
Category: Options: Logged Activity
Status: Options: In-Progress
Priority (High-Moderate-Low): Option: High
Patriot Labs Action Required (Y/N): Option: No


Summary of Activities/Tasks:
– April 11, 2016 – Through our contact at Target Health, there is a near
term opportunity to integrate CleverCap remote med adherence platform with
several upcoming trials. Met with CEO in Bethesda MD to discuss joint
proposal.

– April 15, 2016 – Ron and Moses spoke briefly to discuss general progress.
Conveyed that more involved proposal discussions are approximately 2 weeks
away. There is an understandably strong desire to see substantive project
negotiations; and for CleverCap to become more directly involved with
discussions.

– April 18, 2016 – Submitted a collaboration summary to Jules Mitchel.
Coordinating proposal terms discussion which will identify the size and
timing of the opportunity for CleverCap.

– April 18, 2016 – Mutual NDA is now circulating for signature.


Forward Statements and Guidance:
MNDA is currently being executed. Anticipate a April 28th meeting in NY with Target Health to negotiate CleverCap joint proposal to large sponsor. There is an opportunity to establish a broader collaboration and pursue significant clinical trial implementation.


End.


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