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Biotech / Medical : VPHM - Viropharma Inc

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To: scaram(o)uche who wrote (2320)7/21/2008 1:25:22 PM
From: IRWIN JAMES FRANKEL   of 2557
 
IF the buyout closes, for 6* cents (LEVP at 2.31) you buy:

- 50 cents worth of VPHM; and
- $0.50 provided Cinryze is approved for acute with orphan status**;
- $0.50 provided Cinryze does $600M of sales***.

Not bad for 6 cents.

:-)

ij

* In addition to the 6 cents you have the time value on $2.25.

** either (i)"Cinryze is approved by the FDA for acute treatment of HAE and the FDA grants orphan exclusivity for Cinryze encompassing the acute treatment of HAE to the exclusion of all other human C1 inhibitor products or, (ii) orphan exclusivity for the acute treatment of HAE has not become effective for any third party's human C1 inhibitor product for two years from the later of the date of closing and the date that orphan exclusivity for Cinryze for the prophylaxis of HAE becomes effective."

*** The second CVR payment of $0.50 per share would become payable when Cinryze reaches at least $600 million in cumulative net product sales within 10 years of closing.

biz.yahoo.com
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