Most of the press stated ANI reportedly had revenue of around $16 million for 2011. I believe this revenue is valid for 2011. I read somewhere also stated ANI reported $21m revenue up to Sep 2012. Should close at $23m max for 2012 (my estimation)
'Right now, BioSante is valued the way Wall Street says,” Simes says in an interview with Minyanville. “We did the best deal for shareholders.'