LGND One can only speculate - but what brings me to low single digit royalties is that LGND itself said during investor day 2014 that it would be a 100 Mio opportunity in royalties. If it is successful i would think it is fair to say that it has a peak potential of 5 billion or even 10 billion (that is what analyts say and i guess LGND did not downplay things here)- what brings me to 1-2%. Anyway 100 mio + in royalties would not be that bad for LGND...