Dew,
You're right - I should learn not to post before I've had my first cup of coffee.
Nevertheless, the projected '05 burn rate includes partner money.
"This projection includes cash collections expected to total $11.5 million, primarily from external development programs and potential ATryn® partnering arrangements."
I would hesitate to project subsequent q's based on what will probably be a one-time up-front.
As an additional comment, does the projected amount not seem on the small side? Unless they are not talking about ATryn.
I have yet to listen to the CC, where this might have been clarified.
Regards,
Bob
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