ENTA’s actual FY2018 guidance for gross operating expenses is $28-35M per quarter—not simply $35M per quarter as implied by prior posts in this thread.
FY1Q18 (ending 12/31/17) will likely be the lowest-spending quarter of the fiscal year, since clinical trials will be ramping up as the fiscal year progresses.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”