% of revenue. Remembering that COGS can be expected to be 50% - 60% of revenue & SG&A can be expected to be ~25%. That leaves 15% to 25% to divvy up with ACR. If it's a 50/50 split, then that's a royalty of 7% - 13%. No?
Ann: FDA Approval received for Dapsone Gel, 7.5%, page-25
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