Ash Sarkar @AyoCaesar Contributing Editor @novaramedia . Literature bore. Anarcho-fabulous. Muslim. THFC. Walks like a supermodel. F...ks like a champion. Luxury communism now!
probably stage payments with a royalty at the end of it ...
but the cost attributed to the development of SCIB2 and TCR have already been accounted for in this 2018/19/20 accounts
so what costs would you apply if they start paying Royalties ............ None ... its already accounted for as a carry forward loss ... of which we have already funded and received Tax credits ..
Scancell policy is to license .......... indeed if SCIB2 completed all stages under this agreement and we did not take the license back at phase 2 ...... we would be in line for Royalties on sales on approval
means you can carry on investing ... R and D on other projects ... but this can be off set against the 100% profit from the Royalty .. No Dilution or borrowings ... i get a royalty cheque because the 25,000 volt line runs on my land ............ but i dont pay for the upkeep !!
simple stuff ...... why do you need an accountancy degree ?
Royalty income goes straight to the bottom line because the costs to develop the IP are all sunk and there is no marginal cost to let another business use the IP. If you're in an industry where the profit margin is 20%, then for every $100,000 of royalty income you generate you would need to make $500,000 in sales to deliver the same amount of profit.
I know you have your valuations ... which i find "simple" ....
here is one from Scancell
SCIB1 In combination with checkpoint inhibitors in patients with late stage disease to increase efficacy without compromising safety ? As monotherapy in patients with resected disease (adjuvant setting) to delay or prevent recurrence ? 260,000 patients with stage IIB, IIC, and III melanoma, of which 45% can be treated with SCIB1* at an estimated annual treatment cost of $40k representing a $4b market in the US alone