While we wait, the Aussie dollar has tumbled against the USD again and whilst this causes economic pain in some quarters it’s great for royalty payments, milestone payments and pharma deals done in USD.
I’m assuming Acadia hasn’t paid us yet for Q2 sales, given earnings won’t be announced until 6/8, so here’s hoping to a bumper payday for NEU due to great Daybue sales and a favourable exchange rate.
Link to full article: https://www.abc.net.au/news/2024-07-25/australian-dollar-slide/104140494
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