May. 3 at 3:09 PM
Attached is a history of the royalty accrual
$SNDX is required to record as an estimate of the amounts they will owe
$RPRX over the following 12-months.
Be careful to simply take the accrual & divide by 13.8% because there may be minor details around the agreement that have not been disclosed.
All we know with certainty is SNDX increased the interest rate on the RPRX transaction at the end of FY25. We're not experts but it is our experience (again without knowing the exact details), by itself, the higher rate means actual Niktimvo sales have been much higher than originally forecast. Again by itself, this is a good thing for Niktimvo valuation.
This is also consistent with RPRX's 9/2025 report to its shareholders that Niktimvo projected 5-year sales as of 9/2025 were 98% higher than the same 5-year projection at the time RPRX made the investment in 11/2024.
$INCY sells Niktimvo
As always, we could be wrong. This is not investment advice.
$XBI $IBB