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Biotech / Medical : Biotech Valuation
CRSP 56.68-2.4%Dec 12 9:30 AM EST

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To: scaram(o)uche who wrote (11926)6/5/2004 6:12:04 PM
From: Sam Citron   of 52153
 
Thanks for your ideas pertaining to the milestone payments. How much do you think it will cost IDEV to launch Sanctura? Do you expect the launch to eat a significant share of the $150M milestone?

I'm totally clueless about how this industry works and would just assume a doc would automatically write a scrip for a medication w equal or greater efficacy and no psychotropic effects vs the competition for an elderly patient suffering OAB, but I guess the pharma industry is used to big ad budgets and spending on lavish events to wine, dine and educate doctors, etc, etc. If it's needed to drive demand, I suppose it's OK. It just seems like a lot of money to me. I would hope they could put a decent chunk of the $150M in their pocket and save it for a rainy day.

Is there any expectation that a milestone payment not be allocated to other uses or projects in the pipeline?

Sam
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