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hi Fools,
yesterday Mike Morissey (Exelixis' president and CEO) gave a presentation at Credit Suisse Healthcare Conference [11/15/2012].
Here his quote highlighting the collaboration of Exelixis with Roche/Genentech:
<< I'll elaborate a little bit more on the economics with our MEK inhibitor in the Roche and Genentech collaboration. Again, this is profit share arrangement on the earnings call last week. We highlighted that in some more detail, so we share on the profits and losses on US actual sales in a multi-tiered basis. The top end is for the first $200 million and that's a 50-50 profit share. The lower bound is 30% above $400 million. So very – I think a very great, a very good profit share in the US. We're entitled to low double digit royalties ex-US net sales and we have the ability to co-promote up to 25% of the US sales force which is then triggered – the option period is triggered for 12 months with the first patient dose in the phase 3 trial. >>

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