*ratio not ration* Also what percentage of Elanco's profit could PAA reasonably negotiate? I think I read NZ trader mention 10% a while back but I don't know any case examples to compare it to due to my own inexperience. That way you could run some numbers based on the percentage of the current market (currently in the billions) Monepantel would be serving. A yearly royalty in the 10's of millions per annum should see a market cap far exceed 100 mil. All IMO and I may be well off the mark. DYOR
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