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Protalix BioTherapeutics, Inc. (PLX) Message Board

  • woodbarn woodbarn Aug 4, 2012 2:00 PM Flag

    I calculate Elelyso gross revenue $35 million in one and a half months.

    I calculate Elelyso gross revenue $35 million in one and a half months.

    Is Elelyso gross revenue a secret? Pfizer earnings released a couple of days ago do not mention Elelyso revenue. Protalix earnings released Friday do not mention Elelyso revenue.

    But Protalix royalty payments to OCS, it is possible to estimate gross revenue of Elelyso. Protalix paid OCS $1.8 million dollars in royalties in last quarter. Past filings show royalty rate is 3% of gross revenue to OCS.

    So $1.8 million divided by 0.03 is $60 million. Subtract the $25 million milestone payment leaves $35 million gross revenue from Elelyso.

    I believe Elelyso was launched in mid-May. So revenue is about a month and a half. Double $35 million and Elelyso is selling around $70 million a quarter.

    Patient count would be over a thousand with $70 million revenue a quarter. Elelyso probably cost around $45,000-$50,000 a quarter.

    Does my calculation of gross Elelyso revenue seem correct?

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    • total revenues in the 2ed quarter include one time payment of 25 million by PFE that leaves approx 5 million for revenues in the second qurter- taking into consideration that PLX is 40% that means total revenues for approx 45 days was about 13 million,

      • 2 Replies to nuselrami
      • I did subtract one time $25 million milestone from $60 million, which is $1.8 million OCS royalty divided by 0.03.

        Back in 2010, Protalix had a $30 million short-term supply agreement with Brazil and paid OCS around $870,000, which is about 3%. So I think Elelyso gross revenue of $35 million is in the ball park for what Pfizer "sold" in June 2012 quarter.

        Anyway, Protalix share is 40% revenue and Pfizer gets 60%. Protalix's share of revenue is around $14 million.

      • Here's a question, why is mngt so secret? Is there something in the works or just total incompetence? I sold after IR failed to return my call after approval and Im always looking to get back in, but I HATE the mngt here and keep hoping to find something that will change my mind.

 
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