Thank you very much for the question.
There's actually a very long and complex answer. The previous vaccines we've developed have been for animals, which is a much simpler regulatory process. The human vaccines generally take 10 years to develop, and the estimates now suggest up to a billion dollars. For clarity, we are not a company. We're a part of the University of Saskatchewan, and even with the contributions from the federal government, we do not have the pocketbooks to bring this all the way up to a full regulatory licence.
That being said, one of the other things that's come up is that we don't know the market demand for this, but given the current population of the world, there is no single vaccine manufacturer that would be able to actually produce enough vaccine to satisfy world demand. I think what we're seeing now, even on the World Health Organization calls, is a fairly open dialogue around how knowledge translation will happen around the world if there is a technology that seems to be the frontrunner.
One of the things that you've potentially heard Dr. Gerdts say on CBC and on other news outlets is that it's a priority for us to ensure that Canada, if it's our technology, has the vaccine. Again, we do not have the capacity to bring this all the way through, but when we work with partners, we never give up ownership of it. We license the technology to be able to have a company produce that. We have clauses in there to ensure that they meet milestones and that the development proceeds as aggressively as possible. There is also usually a clause in there that Canada will get some sort of preferential treatment, either preferential pricing or preferential distribution. It is always a concern of ours as we try to move these technologies forward to licensed products.