This excerpt taken from the PDLI 8-K filed Aug 10, 2005.
- J.P. Morgan - Analyst
Thats understandable. I guess would it be more than enough to offset what your current expectations are at the very least?
Glen Sato - PDL - CFO
I still think that our commitment is to have sustainable positive cash flow beginning in 2006. So I think we feel pretty comfortable about our financial position to not only fund those studies along with our partners, but to continue to move the entire pipeline forward.