MSB 6.09% $1.48 mesoblast limited

According to this Takeda quarterly presentation...

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    According to this Takeda quarterly presentation (https://www.takeda.com/49ac5c/siteassets/system/investors/quarterly-announcements/fy2020/qr2020_q4_p01_en.pdf), Alofisel sales were $7 million USD for the year (Japanese FY ending March21). The Takeda (TiGenix) royalties are single digit on net sales - assuming 5-9% range, this should mean we booked royalties of $350-630k over that year.

    Not material as yet but given Alofisel sales were up $105.8% compared to prior year, perhaps the royalty income will quickly catch up to, and potentially surpass that which MSB receives from JCR Pharmaceuticals (≈2-2.5mill/quarter)

 
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