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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Ploni who wrote (3155)3/28/1998 11:15:00 PM
From: Dauntless  Read Replies (3) | Respond to of 7041
 
Peter & Charles - Zonagen revenues.

Zonagen received $10 up front from SGP as part of the deal for distribution rights to Vasomax. There is another $37 million in milestone payments included in the deal. If it takes Zonagen 3 years to reach all the milestones then it is about $12 million/year. We'll know this week from the 10K exactly how much interest income there was in '97 & get a good idea about '98. There is also a possibility of some revenue in '98 from Latin American sales of Vasomax - and definitely some in '99.