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Biotech / Medical : Biotech Valuation
CRSP 57.37+0.9%Dec 8 3:59 PM EST

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To: Icebrg who wrote (9463)11/12/2003 8:39:22 AM
From: NeuroInvestment  Read Replies (1) of 52153
 
Actually (and Erik, this has only very recently come to my attention), the Servier situation turns out to be a bit more complicated than that. Cortex's partnership with Servier guaranteed them that they would receive the same royalties on a Servier compound as a Cortex compound. But I believe that this may only apply to compounds developed by Servier during the term of the partnership, and I think S18986 was already in development prior to the agreement--I guess neither company took it seriously at the time, and assumed they'd be going forward with a later compound.

Which would mean it may not fall under the partnership license, and terms for its commercialization would have to be negotiated now.

That would make things all the more interesting.

Harry

NeuroInvestment
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