actually it implies that total sales of the drug over the period of royalty payments may reach 7 billion. I missed this in my dd and I am not happy with myself. good luck longs. the pipeline is strong but the valuation is a little high for me right now.
How did you determine that total sales during the royalty period would be 7 billion. It's a single digit royalty - do you know the precise number? What should the sales to cash paid ratio be for selling the royalty rights?