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SIGA Technologies Inc. Message Board

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  • home_on_the_grange home_on_the_grange May 25, 2012 6:53 PM Flag

    Two questions?

    Re: Question 1
    from page 110 of the judgement: "expiration of ten years following the first commercial sale of any product derived from ST-246". The 10-year term was derived from a proposal to share royalties with PIP on foreign sales of ST-246 for the life of the foreign patent or else 10 years from first commercial sale.

    The timing of first royalty payment will wait until SIGA "earns $40 million in net profits or margin from net sales of ST-246". The $40 million was SIGA ex-CFO Dugary's estimate of development costs for ST-246 at the time of "bad faith negotiations". SIGA and PIP need to agree on the term "net profits" as commonly understood or Parsons will do it for them. In the meantime, if net profits are generated before any agreement, a lien will be issued against SIGA.

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