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BlueRayn

08/03/18 9:26 AM

#413 RE: biotech_researcher #411

Not confused at all. Subtract $3.7Mil to Elanco and you have $1.5Mil in the 2nd qtr of 2017. The same qtr of 2018 you have $4.9Mil. That is a big jump even if you add a hypothetical $1Mil in licensing payment to 2nd qtr of 2017 would take it only to $2.5Mil compared to the $4.9Mil now reported. Simple math