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Biotech / Medical : Apricus Biosciences

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To: eico20 who wrote (1840)4/11/2016 2:35:10 PM
From: mokelumne river  Read Replies (1) of 2026
 
Eman/MI, every time I think about profitability based on Vitaros, I come up with the following:

Annual operating costs, assuming a 30% reduction, are very roughly in the range of between $15M to $20M.

Vitaros royalties are roughly in the range of between $2 and $2.50 per unit.

To be profitable over those ranges, annual sales would have to be between 7.5M and 10M using $2 per unit royalty and 6M and 8M using $2.50 per unit. So, to fully offset annual operating costs, we are talking about sales in the neighborhood of say 2M units per quarter if my math holds or four times what they are on track to be selling in the near term.

Bottom line: The company's licensees have about 5 - 6 quarters to increase sales by four fold to achieve profitability in 2H17.

Is that doable?

Sandoz needs to get off its butt as all the countries approved for commercialization need to be selling...with no additional bumps in the road.
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