Good point Johnny. How about this announcement on 24th July.
Biota CEO Peter Cook said “Whilst the royalty is low, it reflects the OFF SEASON in the Northern hemisphere. Biota and GSK recently concluded their litigation and we look forward to the normalization of our relationship and developing the Relenza franchise”.
Peter Cook knew very well Relenza sales were ALL to Government pandemic stockpile and sales to the seasonal flu market is zero or next to zero. YET Peter Copok explained the low pandemic sales as reflecting the OFF SEASON Northern Hemisphere. Is Peter Cook LYING?
What about the second part of Peter Cook’s statement when compared with:
“Corporate file.com.au : What implications does the settlement have for future sales and royalty streams from Relenza? CEO Peter Cook: Our royalties are linked to sales of Relenza by GSK and the settlement agreement HAS NO DIRECT IMPACT ON EITHER SALES or ROYALTY RATES”
“Normalizing relationship and developing franchise” = “No change to future sales or royalties”.
Even the fools knew the settlement were not going to increase future sales!!! Is the 24th July statement a LIE?
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