Reggie 78
I don’t expect any ex-US royalties to start flowing in 2023. It looks likely that the ROW partner/s will be announced following any favourable FDA decision. As EMA approval, for example, takes on average 12 months, I wouldn’t expect any EU sales to happen before mid-2024.
In addition, if Fragile-X isn’t factored into the valuation calculations, then US$350m is an overstatement of sales milestones. US$350m is the maximum sales milestones payable across all trofinetide indications. It’s likely to be US$165m or less for trofinetide in Rett.
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