NCE is a complete non issue with valuation now.
Before IP for combo, NCE had more relevance for longer (5yrs) valuation. Now with combo and Anchor patents rolling in 3 yrs NME for December Anchor (Dec 2013,2014,2015) plus sNDA for end of 2014 combo (Dec 2014, 2015, Dec 2016) NCE now for Marine means NOTHING. (2012,2013,2014,2015, July 2016)
Combo NME Dec 2016
Marine NCE July 2016
IMO it's why we have negotiations picking up.
Williams