Replies to post #199591 on Biotech Values

[DewDiligence]

Please clarify: does ENTA's [pro forma] cash of $254.5 include...$17.9M [royalty revenue]?

Yes. The $17.9M of royalty revenue earned during FY1Q16 was in the accounts receivable line on the 12/31/15 balance sheet; the actual $17.9M of cash was received from ABBV in January.