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Monday, February 26, 2024 5:36:46 PM
If Mikah's half is worth .30 then why is Elite's half plus the rest of the business only worth .16. lol lol don't actually answer that. Mikah's half of Adderall is not worth 300 million.
I will speculate though, that 2 quarters of Mikah's profit splits were valued at about 3 million judging from the liability accrual 2 quarters ago. (no idea why it stayed at 3 million this past quarter, maybe they made some payments) So tack on full year and give multiple of 3 and it would take something like 18 million for Elite to buy Mikah's half.
Who knows really though, those profit split accruals are not very straight forward at all.
Something I've been wondering though, Mikah may now get a much larger percentage of total profits. Not only because Lannet does not take a cut but more specifically because revenue is no longer broken down into contract manufacturing and license fees (going forward). I certainly hope Elite keeps a significantly larger portion than Mikah for doing the manufacturing and does not split it down the line after cost. With Lanett they had a cost-plus agreement but now who knows.
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