Replies to post #217221 on Biotech Values

[DewDiligence]

ENTA’s enterprise value is approximately $1.30B at the current share price ($73.42). This figure is based on the fully-diluted share count in #msg-138447497 and the pro forma cash balance in #msg-138447448.

$73.42x(21.9M) - $305.4M = $1,303M

[DewDiligence]

ENTA’s fully-diluted* share count at 3/31/18=22.0M, an increase of 0.1M shares since 12/31/17 (#msg-138447497).

The 22.0M figure consists of: 19.3M basic shares on the 3/31/18 balance sheet (https://www.sec.gov/Archives/edgar/data/1177648/000156459018012940/enta-10q_20180331.htm#CONSOLIDATED_BALANCE_SHEETS );and 2.7M options outstanding (whether or not exercisable) (ibid, page 13).

*Non-treasury method.