OIGINAL QUOTE - But, what is the cut of PBM, who

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OIGINAL QUOTE - But, what is the cut of PBM, wholesaler and pharmacy out of it before collected by Vyera? Also, they may potentially start with some initial discounts to the Retail price, that may increase initial marketing costs.

REPLY: I included 20% in the costs, if the discount is larger than this it will need to be adjusted accordingly (is a "napkin" calculation).

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I do not think 20% would be enough since these costs would also have to cover cost of sales - salaries, commissions, travel, etc. Also, it may include marketing costs. If launch costs are $50M, CYDY may not see anything till this cost is covered.

A few general numbers for consideration: a pharmacy may take ~8% cut, wholesaler ~5%, PBM could be as high as 30%.

In addition, milestone payments most likely are back loaded since mono is where the "real" money will come from.

We need to wait till full contract disclosure to get clarity.