MSB 2.91% $1.06 mesoblast limited

Correct, but the up front costs/servicing costs for Teva were...

  1. 97 Posts.
    Correct, but the up front costs/servicing costs for Teva were going to an order of magnitude higher than they would be for MSB. And the potential revenues for Teva were going to be way lower (as they were going to have to pay large royalties). Consequently, tubby is correct - zero net worth from Teva's perspective does not necessarily mean "worthless" to MSB or another partner.
 
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