Please read the following 10Q with attention to the Section regarding the agreement between Optimer and Astellas. This should clarify the milestone payments, the timing of such, the costs to be borne by Astellas and those relating to co-promotion and data sharing.
The sum of $69 million was already paid to Optimer by Astellas when the agreement was signed in the Spring. I had forgotten this so the earnings number needs to be altered accordingly.
However the royalty payments (minus the payments to Par) will kick in with each sale. Also factor in the milestone payments identified in the Agreement. They should occur over the next couple of quarters.
Also please read the SeekingAlpha EV analysis published in October of this year to see a detailed account of the value of Optimer in 12 months.
Thanks for your efforts on earnings and clarifications that would have disappointed those not doing their own DD. That having been said today's volume and nice jump in price on a so-so day means something is coming. Sure hope all those shorts don't get suprised. Heh Heh. doc