"We have not explicitly incorporated expectations associated with upfront payments attributable to a LANI ROW license deal in our FY10 estimates...we are tipping a deal within 2H10 of US$200m in upfront/milestones ex royalties, shared 50/50 with Daiichi Sankyo".
Taylor Collison have a $200m estimate upfront LANI milestone (that's $100m to Biota), but they are obviously not yet factoring this into their Outperform.
Wait till the deal and let's see where this will send Biota's price.
BTA Price at posting:
$2.15 Sentiment: LT Buy Disclosure: Held