finally got specifics on TDM-1 royalties and the market is adjusting to this info. 3% for first $250M in sales, 3.5% $250-400M, 4% for $400-700M, 5% for sales above $700M. Company has been claiming "mid-single digits" for years, now there is finally some real numbers with which to base expectations. Obviously these numbers are lower than what was expected so the stock is getting a haircut.
also forgot to mention that it isn't just the pipeline, but the technology this so also very valuable here and if they can bring some of their soley owned products to market with their technology then it could be a 10b+ market cap in 10 years. I am hoping this company can become the next celg or biib in 10-15 years.