Replies to post #2202 on Idenix Pharmaceuticals (IDIX)

[DewDiligence]

Tyzeka royalty rate:

It’s all spelled out in Sect 8.8A on Page 21
of Exhibit 10.1 of today’s 10Q SEC filing:

http://www.sec.gov/Archives/edgar/data/1093649/000095013507006854/b67163ipexv10w1.htm

 
 Royalty Rate for Net Sales in Each Region 
   
 Annual Net Sales       US    EU   RoW 
 <=$[**]               [**]% [**]% [**]% 
 > $[**] and <=$[**]   [**]% [**]% [**]% 
 > $[**] and <=$[**]   [**]% [**]% [**]% 
 > $[**]               [**]% [**]% [**]% 

Note: “EU” means Germany, UK, France, Spain, and Italy;
other European countries are considered “RoW.”

Well, what did you expect? They told you the royalty rate
was confidential!

We now know that there are four sales tiers and three regions
—twelve different royalty rates in all. There’s more detail starting
on page 21 of the 10Q filing, but don’t expect to find any numbers!