I agree with Holiday's
The Commercial Milestones and Royalties are two separate things;
Commercial Milestones: $350M on achievement of 4 thresholds for total annual net sales.
as well as..
Royalties: Double-digit % royalties with % escalating in 4tiers of total annual net sales.
from the Nueren corporate presentation Oct19
I agree with Holiday's The Commercial Milestones and Royalties...
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