merckdecisionanalysis内容摘要:

M. Therefore, they should be willing to pay anything less than this amount. 4. What is the expected value of the licensing arrangement to LAB? Assume a 5% royalty fee on any cash flows that Merck receives from Davanrik after a successful launch and that the present value of benefits are of royalties. Phase I(100% chance of occurring): $5 million Phase II(60%): $ million Phase III depression(10%): $20 million Phase III weight loss(15%): $10 million Phase III both(5%): $40 million Depression suc。
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