Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of David Moscowitz from Caris. Please proceed.
David Moscowitz - Caris & Company
Thanks. Good evening, everyone. Question about the OBD revenue deferment; it sounds to me like the trials are still on track and yet you are deferring that revenue. I don’t quite understand what happened in the quarter with that?
Jan Smilek
This is Jan. What we have done, as you may remember from the first and second quarter, at the beginning of the second quarter, we have actually have changed the estimate when that trial is going to be completed. And that change resulted in the deferral in that month, but he deferral actually continues until we hit from an accounting point if we hit a cumulative expenses that are going to be higher than a straight line cumulative expenses that are resulting from that change in estimates. So, we believe that we are going to continue to defer some revenue until probably through early first quarter of 2009 and at that moment the revenue will start to be utilized and as I said, most of that revenue is going to be utilized in the second quarter of 2009, or just second half of 2009.
David Moscowitz - Caris & Company
Just to confirm: I thought I heard Dr. Ueno say is the results from OBD would be available on mid-2009.
Stan Miele
Lead from the two pivotal studies and we have also a safety expansion, but I will let Dr. Ueno to address that.
Dr. Ryuji Ueno
I am talking about the two pivotal data that will be available sometime in the middle of next year, but safety expansion is to continue.
David Moscowitz - Caris & Company
So the safety expansion is going to continue potentially until late September?
Dr. Ryuji Ueno
Yes. Late September.
David Moscowitz - Caris & Company
Okay. And could you give us the reported revenues of AMITIZA by Takeda in US dollars, please?
Jan Smilek
Takeda reported their six months revenue. Their fiscal year-end starts on April 1st and for the first six months they've reported $100 million in that revenue.
David Moscowitz - Caris & Company
That’s in dollars?
Jan Smilek
Yes.
David Moscowitz - Caris & Company
Okay, but they are off counters, is that correct?
Jan Smilek
Their fiscal year ends on March 31st.
David Moscowitz - Caris & Company
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