Replies to post #178744 on Biotech Values

[DewDiligence]

Brain cramp! I was trying to flag that this spinoff is atypical with respect to taxes. (Typical spin-off is non-taxable.)

[biomaven0]

>>extent of your ratable share of any current and accumulated earnings and profits of Theravance,

I suspect Theravance has little or no accumulated E&P, which would make it a non-taxable return of capital.

Peter