RE:RE:RE:Three payment streamsJimmy, look at the share price. It is in the shitt€r.
The market doesn't think the upfront is very significant. Its as simple as that.
I don't know anything more than what is said in the news releases but what I do think is that after going through the R&F debacle, he wouldn't dare mislead investors. The nature of the deal seems to be kept air tight and nobody has any clue, so in my opinion the market is pricing shares purely on historical mistrust of the CEO and a whole lot of doubt.
He said the deal would 1) turn Sirona into a profitable company; and 2) that the upfront AND milestones is significant.
I can only assume that this deal with Abbvie is a good deal in totality. That in itself will fund the future pipelines.