Dont underestimate the value of fonda. Reference the other day to <$400 mil just in US. That would mean that growth is up around 20% on previous year. Add EU to this figure plus some growth and you may start to get the picture. 70 odd mil in tax concessions a falling AU dollar and picture looks clearer.
RDY market cap increased 300mil on approval,( i make reference to this as i believe it is a substantial indicator of the value shareholders of RDY put on fonda)and RDY are paying a 50% (of profit) royalty.
There is only us and 2 others in this market at the moment. Could fonda be a billion dollar per year product?
Time will tell.
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