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Ligand Pharmaceuticals Incorporated Message Board

kmallstar 1 post  |  Last Activity: May 7, 2014 9:33 AM Member since: May 4, 2011
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  • Reply to

    Earnings tommorrow AM

    by rocketman.higgins May 6, 2014 1:23 PM
    kmallstar kmallstar May 7, 2014 9:33 AM Flag

    Easy to understand: They have tiered royaltys (Promacta/Kyprolis) which are booked one qtr after sales. So Q1 has higher royalties because for example Promacta royalties from Q4 are higher - cause sales from the year in total are higher. Q2 has low royalty rate for Promacta, cause new year starts with lowest royalty rate/0 revenue.

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