Can you verify that the UConn royalty was a factor ie. assessed in Pellegrino 1.0?
Not sure I can agree with the "urgent need" argument. The power saving with PET alone amounts to $millions/yr. in big server farms.
The more likely explanation is they couldn't fathom the technology.
It's the only way you come up with a $1B valuation.
Certainly the tech was no where near as far along, and that risk had to be built into the valuation.
Most of that risk is now gone.