Remember that in the past, the SP has responded mainly based on good or bad quarterly World Relenza royalties.
These sorts of future quarterly results (whatever they are) should only be a bonus and should no longer have any negative impact on the SP.
Its great that I don't think Relenza even got a mention on the call - the ramp up is all around a future ROW product.
However, remember as PC mentioned, that Japan is one third of the World market, so there is some big stuff to come in the meantime from Japan sales. Let's also try to understand more about the Japan profit share arrangement. Do we just get 4% royalties or is there an ultimate end of year profit share that we are yet to see from DS. This will help us to understand the reverse ROW arrangement between the two companies.
BTA Price at posting:
$1.42 Sentiment: Buy Disclosure: Held
