ViaDerma Inc (VDRM)

[retired early]

Let me clairify the breakdown of the VDRM/Biogenx deal. The 5% is a licensing fee to VDRM off the top. After that the profits are split 50%-50%. So net split is ViaDerma 55% and Biogenx 45%. That is only for sales generated by Biogenx. As for all sales generated by VDRM have different arrangements giving VDRM as much 75% share of sales. The 25% ownership is really meaningless because Biogenx ONLY receives money for Biogenx sales. They make nothing on all non-Biogenx generated sales.

I hope this clarifies. :)