Re US fonda revenue, RBS say...
"...ACL receives a 50-60% share of profits from North American
sales from Dr Reddy?s, which equates to a ~35% revenue share."
Re ROW they say,
"...Dr Reddy?s pays ACL a royalty on sales at an agreed proportion. We assume this is equivalent to 20%."
Is there any basis for 20%, or have they just guessed a number? There's a big difference between 35% and 20%.
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