Those recognised losses (resulting in tax credit of $17m) would be likely to offset the milestone payments tax liabilities. That's my estimate: around $47m income tax payable on these two US$50m payments, one received today, the one to come this quarter, so net income tax payable for the US$100m revenue, would be around A$30m. Therefore, the net cash position after income tax, would be around $330m. That's far enough for PMS phase 3 trial which is likely to cost around US$100m.
Bear in mind, NEU is still to receive royalties and milestone payments in the future.
All imo.
Ann: Type C Meeting granted by FDA for Phelan-McDermid syndrome, page-33
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$12.26 |
Change
-0.280(2.23%) |
Mkt cap ! $1.525B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.45 | $11.88 | $6.952M | 570.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 231 | $12.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.32 | 1979 | 2 |
View Market Depth
| Last trade - 16.13pm 23/06/2025 (20 minute delay) ? |
| NEU (ASX) Chart |