Wednesday, December 19, 2012 3:11:48 PM
I do have one correction to the article, having written this too quickly off just my recollection about the Yakult partnership.
The reduction applies ONLY to the approval milestone payment of $18M. Basically Yakult paid $2M more upfront, maybe another $2M later, and then would avoid paying an extra $7.2M, which is the 40% of the $18M approval milestone.
Royalties are not affected. Details are in Note 13 of the 1Q11 10Q.
-Trond
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