All they did was move the $22 mil principal payments for 2016 and 2017 down the road and pay more interest for the privilege. Plus showed Oxford something good enough for them to extend and expand the loan.
Halo received the Q1 royalty payments by the end of May. Must be ok. Enough cash to get through 2017 without any new Enhanze partners. Don't dilute again until science is further validated and sp is much higher. I like it.
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