Re: MS Presentation 9/13/18
Getting to better multiple makes sense. However what's missing is the sale of primary care business. I suspect that they are still looking to sell that business but have not found a buyer yet. Based on last quarter's primary care performance we can see a decline in PC revenue due to a realignment of sales resources and focus on rheumo and orphan business. The good news is the fears about drug pricing controls seem to have subsided, making a sale of the PC business less problematic.