2020 operating expenses are expected to be $220-230M (of which $95-100M is for R&D). There is no specific guidance for 2020 product revenue from either Teoxane fillers or Daxi, but any product revenue in 2020 would offset the $220-230M of operating expenses and reduce cash burn accordingly. Also, any milestone payments received from MYL for the Botox-biosimilar program would offset cash burn.
*Closing date for convertible-debt offering.
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