RE: PLI NR on MIllipore
I did the same thing Bepando and already heard back from IR..
this deal was definitely NOT included in the $35mm news release from earlier in the week. This is an entirely new deal. I also clarified, this $19mm is actually GUARANTEED minimum licensing / commission revenue as part of Millipores exclusive rights to the product. If they sell more, the numbers go up pro-rata
Given the size of Millipore, you have to assume that they wouldnt enter into a deal like this, where they are guaranteeing minimum payments, unless they expected it to be a success. I imagine they would put the minimums well below what they think are the appropriate attainable levels... Would be great if we got an underpromise / overdelivery for once wouldnt it !?
I agree Kev that its again a little disappointing that there isnt a big up front number associated with this deal.... but I dont think it would be typical in this type of deal either. I like the guaranteed component, I like the magnitude and credibility of the partner, and I really like the endorsement and adoption of another novel PLI technology by a reputed industry leader.