Even so, in 2012, the company was able to collect $1 million in cash for the candidate, from Menlo on an outbound license.
But the real payday just emerged: Menlo's IPO just went effective with the SEC overnight, at an indicated $17 per share. And Kenilworth holds over 10 per cent of the now public company.
Thus Merck's stake equates to about $20.89 million, before paying capital gains rate taxes -- and before adding back the earlier $1 million.
So -- resurrecting almost $22 million -- from a "discarded" pile, now over five years later. . . showed some real corporate licensing/development savvy.
And patience. Now you know -- I'll endeavor to do. . . likewise. . . smile.
Patience is the watchword here, now. . . . and as an smallish literary update, that latter thought has put me in mind of a quote I read some years back -- at least 20 years ago, this winter -- that described the exhilaration that flows from the patience of a reader taking one's time, in reading. . . any great poem. I can no longer recall the author, but the thought remains that being patient, in the act of reading -- of participating fully and presently, in the emotion the poem conveys, is a sublime reward, indeed.
The specific metaphor (one I contemporaneously shared with. . . immortal beloved) is that the reader, long gone from her multi-story home, on a voyage. . . returns in inky-darkness, to begin reading -- and as she progresses, line by line, and page by page -- it is as though the lights are being magically switched on, in each story of the home, from bottom to top, slowly and patiently. . . and by the time the cupola is lit, the entire home -- and the souls dwelling within -- are very nearly. . . ablaze.
I like that notion quite a bit. And that is why patience is. . . a virtue, in my humble opinion. I'll see if I can find the original source for that quote.
Namaste to all of good will.
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