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Replies to #71042 on Biotech Values
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DewDiligence

01/07/09 1:34 PM

#71054 RE: rkrw #71042

The way its structured Biomarin pays but its on la jolla's books, so its not a P&L hit for bmrn.

The up-front payment and the additional payment to opt in will run through BMRN’s P&L statement; the only expense BMRN keeps off its own P&L is the cost of running the clinical trials.