"Channel stocking' Did this artificially overstate 3Q profits by MNTA? I would assume that profits would not be booked until the drug was sold at retail. Why would MNTA's partner pay royalties before that? If this is true then the script number accurately reflects quarterly profits and my 247 mil 4th quarter mLov profit projection would be accurate.
Moreover if there is a delay between collecting accounts receivable and royality payments to MNTA then the start up royalities of the 3Q would have been understated not overstated.