Roche Pharmaceuticals entered into a licensing agreement with Zenith Lab for a new drug under...
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Roche Pharmaceuticals entered into a licensing agreement with Zenith Lab for a new drug under development. Roche will receive $8,100,000 if the new drug receives FDA approval. Based on prior approval, Roche determines that it is 85% likely that the drug will gain approval. The transaction price of this arrangement should be
a. $6,855,000
b. $0 until approval is recieved.
c. $8,100,000
d. $1,215,000
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