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DewDiligence

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DewDiligence

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Re: biotech_researcher post# 819

Friday, 01/09/2015 11:14:25 AM

Friday, January 09, 2015 11:14:25 AM

Post# of 2958
Good news and bad news in that arithmetic. Bad: The "0.4" fraction should be "0.3"—i.e. ENTA's royalties are based on 30% of ABBV's sales, which is the portion ascribed by agreement to ABT-450. Good: The 12% royalty rate (applied to the 30% of ABBV's sales) is the lowest tier; when sales exceed specified (undisclosed) thresholds, the 12% rate rises to as much as 20%.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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Volume:
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  • 1D
  • 1M
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