Replies to post #133632 on Biotech Values

[mcbio]

The Royalty rate (high teens) is unfortunately the best case.

"High single digits" is the base royalty. Max royalty is "slightly more than double the base royalty" which, taken together, I assume means max royalty is around 20%.

On the other hand the 30% if my quick read of the 8-k is right would be in addition to (lower) royalty.

The 30% figure applies to FoBs 3-6 and would take the place of the royalty as it would be a cost-profit share.

[10nisman]

The Royalty rate (high teens) is unfortunately the best case. I am not sure how attainable it is...

We'll likely know more tomorrow from the call, however IMHO, its likely safe to say the higher royalty rate is the Interchangeability Clause of the deal.

Jbog --- You're running out of things to complain about.