Biotech Values

[randychub]

Dew - Is there some type of time limit on this?

NVS does not intend to sell any of its IDIX shares on the open market, even though NVS had the contractual right under the prior agreement between NVS and IDIX to have its shares registered for resale. Under the new agreement, NVS has waived its registration rights, and hence NVS’ shares of IDIX could be sold only as part of a major transaction such as a merger or buyout.

-Randy