Idenix Pharmaceuticals (IDIX)

[dewophile]

"However, the PR doesn’t say what the new royalty rate on Tyzeka sales will be. Without knowing that, the agreement is
hard to evaluate."

given how tyzeka is selling, I don't think the royalty rate is that critical to evaluating the restructuring - at least near to mid-term (and IDIX could very well be a wholly owned NVS company before we ever fully appreciate the commercial potential of tyzeka)

the reason idix got below cash was the burn - so this imo has to be construed as a step in the right direction

but there is no denying what idix is at this juncture - an early stage development company with a sizable amount of cash