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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)
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To: IRWIN JAMES FRANKEL who wrote (1635)6/9/2003 1:08:36 PM
From: jayhawk969  Read Replies (1) of 3044
 
All in facility costs usually fall in the 8%-15% of operational costs. You are correct that they should be able to sell, sublet or buy out of the current obligation. However, England is famous for long term leases usually 20 + years. My guess is they may well face a substantial write off on the facility. Look for it and the corresponding SEC filing (utilizing FASB 146) to take an extraordinary expense associated with the shuttering of operations.
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