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DewDiligence

09/28/10 2:12 PM

#105254 RE: mcbio #105209

Quiz: For which biotech company is the distinction between gross and net royalties most consequential?

To shrink the set of candidate companies to a manageable size, consider only companies for which sales-based royalties have not yet begun.

Clearly, there is no provably correct answer to this quiz, but I have a particular company in mind that I think is hard to top.