EGLT: Egalet 2Q:18 Results Egalet’s cash balance stood at $70 million as of June 30, 2018 while long term debt listed on the balance sheet was $101 million. Interest expense totaled $3.8 million in the quarter, which includes a non-cash component of $0.7 million. However, the company has submitted a tender to holders of the 5.5% convertible senior notes that have a principal amount of $24.65 million. We expect this debt to be extinguished, resulting in a reduction in cash balance. Cash burn for the second quarter of 2018 was ($5.4) million which compares to ($20.5) million in 2Q:17 with the difference attributable to a larger net loss in 2017. https://finance.yahoo.com/news/eglt-egalet-2q-18-results-161500176.html