Reading International, Inc. RDIB

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Price alert · RDIB

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10.80 USD +0.40 +3.85%

At close · Oct 30

10.80 0.00 0.00%

After hours · Oct 30, 4:00 PM ET

Bid
10.65 × 1
Ask
10.80 × 2
8.40 Day range 10.80
8.00 52-week range 18.42
YTD
-6.90%
1 year
-7.61%
Open
9.22
Prev close
10.40
Mkt cap
247.21M
Vol
10.29K
Avg vol
168.40K
EPS
-0.55
P/E
0.00
Div yield
0.00%
More statistics
Low
8.40
High
10.80
Forward P/E
0.00
Beta
1.62
Short ratio
0.56
Inst. own
8.97%
Dividend
0.00
Ex-div date
50-d avg
6.75
200-d avg
11.42
1y target
0.00

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Discussion (1)

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VICKY HANUKA RDIB 3 years ago #1

Royalty Pharma Announces Agreement to Purchase Up to $1.5 Billion of PTC Therapeutics' Royalty on Evrysdi

-- Royalty Pharma purchases a portion of royalties on Roche's Evrysdi for
$1.0 billion upfront
-- PTC Therapeutics has option to sell rest of royalty for up to $500
million; Royalty Pharma has option to buy half of rest of royalty for up
to $250 million
-- Transaction expected to enhance long-term Adjusted Cash Receipts growth
(non-GAAP)
-- Royalty Pharma to host conference call today, Thursday, October 19 at
9:00am EDT
NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Royalty Pharma plc (Nasdaq: RPRX) announced today an agreement with PTC Therapeutics, Inc. to acquire additional royalties on Roche's Evrysdi for $1.0 billion upfront. The agreement includes options for PTC to sell up to all of its retained royalties on Evrysdi for up to $500 million or for Royalty Pharma to acquire half of such retained royalties for up to $250 million at a later date.