We made a net profit after tax of 157m, though. The make up of our profit for 2024 will differ between royalties and milestones but we will make a profit for 2024, 2025, 2026 on Daybue alone if nothing changes. Our quarterly results show we’re producing free cash flow even with higher R&D costs (running the phase 2 trials). The severely contracted valuation already assumes Daybue growth will be modest in the largest (and only currently approved market), the US.
We made a net profit after tax of 157m, though. The make up of...
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