Enanta Pharmaceuticals Inc (ENTA)

[InefficientMarket]

Not thrilled. Jay said last winter they were pursuing a partnership in “earnest” - he needs to close a deal ASAP. Understand the rationale to bolster leverage but two things. First, they should’ve been ready yesterday. Second, a Ph 3 is very expensive so would have done enough to send message we don’t need a partner. The silver lining in this may be decision to utilize a three-headed monster to sell the shares.