Biotech Values

[DewDiligence]

IDIX – selling tyzeka royalty stream

I don’t think this is in the cards unless a clever tax lawyer can figure out a way to make such a transaction more than a zero-sum game. Still, it’s worth estimating the fair market value of this asset. Given the low level of interest rates and the 10+ years remaining on the Tyzeka patent in the US and EU, I think the present value of the roughly $4M in annual royalties ought to be worth about $25M.