Richard Francis : Thanks, Chris. Thanks for the question. So Eli, you take the first one and then I can chime in with a few on the second.
Eli Kalif : Thanks, Chris, for the question. So we end up ’22 around 54% gross margin. And actually, when we are looking on ’23, we’re going to see a bit higher, I would say, additional 0.3%. And one of the things that we need to remember that the macroeconomic headwinds actually, overall, if you look on the numbers, hit us around 2% on our revenues, call it around $300 million. With all the activities that we’ve already done and all those, I would say, optimization that were part of our long-term financial targets to expand our margin there has helped us, as I mentioned in my prepared remarks, we partially offset the elements. Now there is also a kind of element on revenue mix, and you can actually see that the — with the growth of AUSTEDO and as well on AJOVY and a few other elements that we are actually working on, we’re going to see a very modest increase but not more to the level of , I would say, in ’23, which means that our ability to keep the current level on the OpEx will stay the same and the residual amount will flow through the OP margin.
Richard Francis : Thanks, Eli. So on the biosimilars. So I think the question, Chris, was around as we move forward, we see it as a growth driver. Is this continued partner strategy or not. So firstly, let me clarify that although we have a good and productive partnership with Alvotech, which is delivering a nice pipeline, we also have, I think, it’s six in-house biosimilars that we’ve developed ourselves. And going back to a comment I made on an earlier question. What I think is important with biosimilars is that we have a broad and deep pipeline that we can address most of these large biologics when they come off patent. And to do that, to do that effectively from a capital allocation point of view, I think it’s a combination.
It’s a combination of partnering and it’s a combination of doing some things in-house. And so that’s what I see going forward. That combination, just to make sure we have the right pipeline and we’re launching the products at the right time. Thanks for your question, Chris.
Operator: And we will now take our final question. And the last question is from Rishi Parekh from JPMorgan.
Rishi Parekh : I just want to confirm a few things and then talk about — or ask a few questions on your balance sheet. With regards to your free cash flow, that $1.7 billion to $2.1 billion, I want to confirm that, that includes the $450 million of opioid payments? Or is it a different number?
Eli Kalif : Yes, it’s including.
Rishi Parekh : Okay. Great. And then with regards to your maturities, if I heard you correctly, I think you said that you’re going to address your ’23, ’24 and ’25 maturities, which is different than what you have said at the JPMorgan conference. I was hoping that you could just walk us through what led to that change? Is it something related to your free cash flow or something related just to the interest rate environment, but I would love to just have you walk through that.
