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surf1944

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surf1944

Re: None

Monday, 08/04/2008 9:19:34 AM

Monday, August 04, 2008 9:19:34 AM

Post# of 1675
8:35AM Noven Pharma announces triggering of $25 mln Daytrana sales milestone (NOVN) 12.70 : Co announces that it has been advised by Shire Limited that Shire's net sales of Daytrana have triggered the third and final $25 mln sales milestone due to be paid to NOVN. Payment of the milestone was triggered upon Shire's net sales of Daytrana exceeding $75 mln in the 12-months preceding June 30, 2008. Under NOVN's agreement with Shire, the $25 mln milestone is due to be paid in 3Q08. As with prior Daytranasales milestones, NOVN expects to defer recognition of the latest sales milestone and recognize it as license revenues over time.


surf's up......crikey



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