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Posted On: 02/09/2019 7:42:40 PM
Post# of 72448
Right, thought it was Penn. 5% may actually be too high. I did some digging in the old 10-Qs and it looks like it is only 3% if I'm reading it right. Maybe 1.5% if they swing B-OM as a medical device.
"In partial consideration of the license, Licensee shall pay to Penn a royalty of 1) 3.0% on gross sales of a pharmaceutical product, 2) 1.5% of gross-sales of a medical devise or other products approved by a 510(k) regulatory filing or 3) 0.5% on all other gross sales for Penn Licensed Products sold by Licensee, its Affiliates and/or its Sublicensees. "
Where did you see 5%?
"In partial consideration of the license, Licensee shall pay to Penn a royalty of 1) 3.0% on gross sales of a pharmaceutical product, 2) 1.5% of gross-sales of a medical devise or other products approved by a 510(k) regulatory filing or 3) 0.5% on all other gross sales for Penn Licensed Products sold by Licensee, its Affiliates and/or its Sublicensees. "
Where did you see 5%?
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