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biomaven0

02/12/12 8:16 PM

#136946 RE: DewDiligence #136943

>I disagree.

Well it's the way Royalty Pharma (and similar companies) values these royalty interests when they buy them. I suppose there is the argument that the MNTA R&D spend acts to defer taxation for the next few years, but at the end of the day it's (hopefully) only a short-term deferral.

Peter