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DC15

01/30/24 12:54 PM

#2855 RE: DewDiligence #2854

My comment is both speculative, "I think" and subjective "prolonged period of time."
I do not know that the previous EHS Manager left, nor do I know that Enanta ever had an EHS Manager. I do know what it is like to decommission a lab and to move laboratory operations to a new facility. I recognize that it could be possible to have all new equipment established at the new location prior to ending operations at the present location so that the move does not result in loss of operations, but the information within the job description indicates that readying safety procedures for work at the new facility and gaining IBC approval for the new site as well as getting all of the necessary (local) approvals necessary for the research that Enanta performs is not complete at this time.
As a matter of weighing the potential for extensive interruption of bench R&D activities I offer that this is a consideration to be recognized by the investment community. I also speculate that this move is a positive indication that the company does not intend to dissolve in the near future which is very polar to the vocalization of some that the best move for the company would be to pull the plug later this year.