Over the past few months, we have been making slow, but steady progress towards our goal of starting to provide treatment in Vietnam in the second half of 2012. This is includes multiple visits to the directors of the National TB Control Program of Vietnam in Hanoi, where we presented our model and eCompliance technology.
Our presentations elicited strong positive response from the government representatives, who are both keen to begin the proposed collaboration and even requested an expansion of the scope of our partnership. As such, as Memorandum of Understanding has been agreed upon and signed by both sides paving the way to engage in the detailed planning process of the proposed projects. As part of this process a formal proposal for the specific intervention was submitted and detailed responsibilities are under discussion.
Simultaneously, we have engaged in clearing regulatory hurdles by creating and translating all relevant documents for a permit of operations. These documents are currently with a local office of the regulating entity for preliminary review prior to submission. The most pressing activity currently is to secure the necessary funding. For year one, roughly 75% have been secured. Funding for years two and three remain outstanding.
Additionally, we have reached out to other non-government organizations active in the space of TB in Vietnam such as the Oxford University Clinical Research Unit and the Medical Committee of Netherlands Vietnam (MCNV), who have shown interest in a potential collaboration as well.
Next steps include finalization of the project details with the VNTP, submission of the application for the permit of operations and securing the remaining amount of year one seed funding.