$25M is a reasonable estimate of the end-user sales of ATryn in the first 12 months for the HD indication. These end-user sales will be booked by Leo, not by GTC. From these end-user sales by Leo, GTC will recognize about $6-7M in revenue and about $4M in profit, based on the company’s prior guidance on the economics of the collaboration (#msg-12430822).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.