Going by the confirm orders...I estimated that revenue till date is around AUD$500 Millions for the next 2 years ...7% royalties equals to AUD$35 Millions to Biota..
..good to see large confirm orders coming in rather than guessing in the last few months that it will come....This way its easier to at least put a value on Biota...
A very positive write up in The Australian paper today. Biota CEO commented that more large orders are coming in ...an unidentified Health Minister representing a country offered to buy all of Relenza's output in 2005! ....possible GSK settlement next week....
Plus Biota's flu testing kit revenue & other well advance drug products on the pipeline, it looks like Biota could test its high of $2.75 next week...
Looks all positive for Biota next week....
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