Diane H. Schrick - Jazz Pharmaceuticals Plc Bruce C. Cozadd - Jazz Pharmaceuticals Plc Matthew P. Young - Jazz Pharmaceuticals Plc Michael Patrick Miller - Jazz Pharmaceuticals Plc Karen L. Smith - Jazz Pharmaceuticals Plc Russell J. Cox - Jazz Pharmaceuticals Plc

Jason Gerberry, JD - Leerink Partners LLC Douglas Tsao - Barclays Capital, Inc. David Maris - Wells Fargo Securities LLC Liav Abraham - Citigroup Global Markets, Inc. (Broker) Aaron Gal - Sanford C. Bernstein & Co. LLC Gary Nachman - BMO Capital Markets (United States) Annabel Samimy - Stifel, Nicolaus & Co., Inc. Marc Goodman - UBS Securities LLC Jessica M. Fye - JPMorgan Securities LLC Irina R. Koffler - Mizuho Securities USA, Inc. Ken Trbovich - Janney Montgomery Scott LLC Gregg Gilbert - Deutsche Bank Securities, Inc. David A. Amsellem - Piper Jaffray & Co. Louise Chen - Guggenheim Securities LLC John T. Boris - SunTrust Robinson Humphrey, Inc. Stephan Stewart - Goldman Sachs & Co. Katie Brennan - Wells Fargo Securities LLC

Welcome to the Jazz Pharmaceuticals Plc Third Quarter 2016 Earnings Conference Call. Following an introduction from the company, we will open the call to questions. I will now turn the call over to Diane Schrick, Director of Investor Relations at Jazz Pharmaceuticals. Diane H. Schrick - Jazz Pharmaceuticals Plc: Thank you for joining our investor call this afternoon. Today we reported our third quarter 2016 financial results and updated financial guidance in a press release. The release and the slide presentation accompanying this call are available in the Investor section of our website. With me for today's call are Bruce Cozadd, Chairman and CEO; Matt Young, Chief Financial Officer; Russ Cox, Chief Operating Officer; Mike Miller, Head of US Commercial; and Karen Smith, Global Head of R&D and Chief Medical Officer. Following some remarks, we'll open the call for your questions. I'd like to remind you that some of the statements we will make on this call relate to future events and future performance rather than historical facts and are forward-looking statements. Examples of forward-looking statements include statements related to our 2016 financial guidance and goals, our corporate development efforts, future product sales and volume, future litigation and intellectual property-related events, future inventory and supply challenges, future share repurchases, ongoing and future clinical trials and other product development activities, including regulatory events and the timing of such events and activities. These forward-looking statements involve numerous risks and uncertainties that could cause actual events, performance and results to differ materially. These risks and uncertainties are identified and described in today's press release, the slide presentation accompanying this call and under Risk Factors in our Form 10-Q for the quarter ended June 30 and our Form 10-Q for the quarter ended September 30, which we will file shortly. We undertake no duty or obligation to update any forward-looking statements we make today. On this call, we will discuss several non-GAAP financial measures including historical and expected 2016 adjusted net income and the related per share measures, and historical and expected 2016 adjusted SG&A and R&D expenses and measures derived therefrom. We believe that these non-GAAP financial measures are helpful in understanding our past financial performance and potential future results. They are not meant to be considered in isolation or as a substitute for comparable reported GAAP measures. Reconciliations of GAAP to non-GAAP financial measures discussed on this call are included in today's press release and the slide presentation accompanying this call. Both are posted in the Investor section of our website. I'll now turn the call over to Bruce. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Thanks, Diane. Good afternoon, everyone, and thank you for joining us. We've made significant progress toward meeting our corporate goals for 2016 and believe the company is well-positioned to continue to deliver significant value to patients and investors in the years to come. Commercially, we continue to deliver strong top-line growth through higher Xyrem and Defitelio volumes, while remaining focused on the recent U.S. launch of Defitelio and the potential U.S. launch of Vyxeos in 2017. In R&D, our increasing investments have led to significant clinical and regulatory achievements and our expanding development portfolio in 2016, including initiating the rolling NDA submission for Vyxeos for the treatment of acute myeloid leukemia, completing enrollment in two Phase 3 studies of JZP-110 evaluating excessive sleepiness in obstructive sleep apnea, completing enrollment in the Phase 3 study of Xyrem in pediatric narcolepsy, and activating clinical sites in the Phase 3 study evaluating defibrotide in the prevention of veno-occlusive disease in high risk patients following hematopoietic stem cell transplantation. On the manufacturing front, we began shipments of Xyrem to the U.S. from our Athlone manufacturing facility, lessening our reliance on single source manufacturing for Xyrem. And in corporate development, we completed the Celator acquisition in the third quarter and continue to invest in other R&D related opportunities that provide access to innovation and potentially differentiated products, thus expanding our portfolio. Finally, we believe that our strong cash flow, low leverage ratio and flexible capital structure allow us to continue to meaningfully invest in portfolio diversification and expand our leadership role in the sleep and hema/onc therapeutic areas, all with the goal of delivering significant future value. I'll now provide an update on key commercial, legal, regulatory and clinical development activities in the third quarter, provide highlights of key events for the fourth quarter and 2017. I'll then turn the call over to Matt to review our financial results for the quarter and provide updated financial guidance. In our sleep therapeutic area, our lead product Xyrem delivered strong sales growth during the third quarter. Xyrem bottle volume growth was 9% during the third quarter and 6% year-to-date versus the same periods in 2015. The average number of active Xyrem patients grew to approximately 12,800 in third quarter 2016 from 12,450 in third quarter 2015. Our reimbursement approval rates for Xyrem remained strong. We launched our Xyrem field reimbursement support team in August with a focus on educating physician offices on navigating the prior authorization and reauthorization reimbursement processes. We believe this effort is critical given the increasingly complex reimbursement issues facing specialty products across the industry. I'm pleased to say that we've essentially completed enrollment of all active Xyrem prescribers and patients into the final XYREM REMS, allowing our field sales force to fully concentrate on educating healthcare providers, or HCPs, on the diagnosis of narcolepsy and the use of Xyrem in appropriate patients. We are pleased that following our ongoing efforts educating HCPs on the use of the Swiss Narcolepsy Scale, we've observed an increase in the diagnosis rate of type 1 narcolepsy or narcolepsy with cataplexy. We believe that all of our continuing educational efforts remain important in driving the future growth of Xyrem. I'll now provide a brief update of our Xyrem and other oxybate-related R&D programs. We've completed enrollment in our Phase 3 study of Xyrem in pediatric narcolepsy patients aged 7 to 17 with cataplexy. Earlier this year, the Data Safety Monitoring Board reviewed the results of a planned interim efficacy analysis in 35 patients per the protocol and recommended that the placebo arm be discontinued. After we conferred with FDA, we amended the protocol so that all patients enrolled following the amendment were placed in the active Xyrem arm of the study. We continue our safety monitoring, and in the Phase 3 pediatric study, the reported adverse events have been similar to what we've observed in adults and in the prior pediatric experience with no new safety signals emerging. We are in discussions with FDA on timing of the final data analysis in order to satisfy the requirements for the FDA pediatric written request that we received in 2014. Following the final safety and efficacy data analysis, we anticipate submitting a Xyrem supplemental NDA in late 2017, which will include data from the pediatric study and the study report for the pediatric written request. We've previously mentioned that we could begin disclosing some details of our other narcolepsy focused R&D programs by late this year. Today, I will take a few minutes to provide a brief status report. While Xyrem is clearly an effective drug for use in the treatment of EDS and cataplexy and narcolepsy, we want to offer patients new and potentially improved treatment options. Our most advanced oxybate product candidates, JZP-507 and JZP-258, have a significantly reduced sodium load compared to the 1,640 milligrams of sodium in the total nightly 9-gram dose of Xyrem. Our most advanced program is the investigational drug candidate JZP-507, which has demonstrated bioequivalence to Xyrem in a pilot study. We believe that JZP-507 with its 50% reduction in sodium content compared to Xyrem would offer a meaningful clinical benefit to narcolepsy patients. We plan to run the pivotal bioequivalent study in 2017 and are targeting an NDA submission in early 2018. We are planning to initiate a Phase 3 study in the EU and U.S. on our second most advanced oxybate-related product candidate, JZP-258, by early next year. JZP-258 contains 90% less sodium than Xyrem. As with JZP-507, we believe that significantly reducing sodium can offer a potentially meaningful clinical benefit to patients with narcolepsy. We anticipate that the JZP-258 Phase 3 study will be posted in ClinicalTials.gov in the next few months. We expect to enroll approximately 185 patients in 60 sites throughout the EU and the U.S. over approximately 18 months. Recognizing that high sodium intake is a public health concern, multiple agencies have issued daily sodium intake guidelines recommending reduction of sodium intake below 2,300 milligrams per day, and in some cases, below 1,500 ClinicalTrials.gov per day. And a study published in 2013 indicated that narcolepsy patients were at increased risk of heart disease and hypertension compared to matched controls in the general population. These results are corroborated by analyses of narcolepsy patients in the Danish National Registry and in the large bond claims database. Therefore, we believe that evidence supports the importance of reduced sodium intake in both JZP-258 and JZP-507 compared to Xyrem. And finally, while earlier in the development cycle, we continue to make good progress on a once-nightly approach and formulation work. The evaluation of deuterated oxybate continues as part of our once-nightly development process. Turning to a brief legal and intellectual property update on Xyrem. Patent litigation continues in the District Court in New Jersey. The District Court consolidated most of our cases against Roxane Laboratories and scheduled trials to commence on May 1, 2017. In August, we initiated litigation against Roxane on our '963 patent, a restricted distribution system patent not consolidated into the case scheduled for trial. Roxane has moved to dismiss the '963 patent case, and we do not know when the court will rule on that motion. A separate consolidated case that includes the remaining ANDA litigants is also proceeding, but no trial date has been set in that case. With respect to challenges to our patents through the U.S. Patent and Trademark Office Patent Trial and Appeal Board, or PTAB, we recently requested rehearing by PTAB on the IPR decisions regarding six restricted distribution system patents that were considered unpatentable. We are awaiting a response from PTAB, which does not have a deadline for ruling on this type of request. PTAB also recently held a hearing on the pending IPR involving three claims of the '963 patent and a decision is expected by March 2017. Turning to our development program for JZP-110, we completed enrollment in our two Phase 3 OSA studies and continue to anticipate preliminary data from these studies in the first quarter of 2017. The enrollment rate in the Phase 3 narcolepsy study has improved, and we expect to complete enrollment this quarter. We anticipate preliminary data from the narcolepsy study in the second quarter of next year. Subject to the results of these Phase 3 trials, we anticipate an NDA submission for narcolepsy and OSA late next year. Now on to the hematology/oncology franchise. Erwinaze performance was negatively impacted during the third quarter by continuing supply challenges. While the FDA has been extremely responsive to our requests to facilitate release of product as quickly as possible, due to manufacturing issues at our supplier, we experienced a supply interruption at the end of the third quarter and during part of October. We understand that having effective supply of Erwinaze is essential, and we're committed to continuing our around-the-clock efforts to release product as quickly as we can. However, we expect that we will continue to experience inventory and supply challenges going forward, which we expect will result in temporary disruptions in our ability to supply certain markets, including the U.S., this quarter. Our efforts remain focused on delivering Erwinaze to patients with acute lymphoblastic leukemia, who need this critically important treatment option. We are very sorry that we are not able to deliver drugs to all the patients who need it and have intensified our efforts to work with the manufacturer of Erwinaze to rectify ongoing supply challenges and quality issues to ensure reliable product availability. Now I'll turn to Defitelio. The launch of Defitelio in the U.S. continues to progress well with 105 accounts representing approximately 72% of the total transplant volume in the U.S. ordering product since launch. We were pleased to add 22 new accounts in the third quarter, and 86% of the total accounts ordering product reordered in the third quarter. While we don't have patient-level data, based on the institutions ordering, we continue to believe that the majority of patients receiving Defitelio are pediatric. However, we are observing increasing orders from adult accounts. U.S. sales initiatives remain focused on educating adult healthcare providers on the recognition of the signs and symptoms of VOD, the diagnosis and treatment of VOD with multi-organ dysfunction, and the clinical benefits of Defitelio. This remains an important growth opportunity in the U.S. market. To further enhance these critical disease and product awareness efforts, we've initiated the rollout of over 40 disease and product education programs this quarter, leveraging the 30 regional and national healthcare providers who make up our speakers' bureau. Our Market Access Group continues to highlight the health economics and value of Defitelio for payers and institutional stakeholders. Finally, the Defitelio new technology add-on payment from Medicare became effective October 1. In the EU, our team remains focused on ensuring that key hospital administrators and pharmacists are aware of the health economic benefits associated with the administration of Defitelio. On the R&D front, as mentioned earlier, sites are active in the Phase 3 Defitelio study in prevention of VOD in high-risk patients following HSCT. The study is expected to enroll 400 patients from 100 sites globally, and depending on results from the interim analysis, enrollment could increase up to a maximum of 600 patients. Finally, we are continuing our geographic expansion efforts with Defitelio and expect to complete the new drug submission for Defitelio in Canada by the end of the year. We recently received priority review status for this regulatory submission. We anticipate completing the submission of the Vyxeos rolling NDA in the first quarter of 2017. Vyxeos has fast-track designation in the U.S., and we plan to request priority review. Although we will not know our labeled indication until approval, Vyxeos was granted breakthrough therapy designation by FDA for the treatment of adults with therapy-related AML or AML with myelodysplasia-related changes. We anticipate submitting our EU Marketing Authorization Application in the second half of 2017 following the required pre-submission regulatory meetings. Since the Celator acquisition, we have prioritized the preparation of a high-quality NDA submission for Vyxeos in the U.S. We also remain enthusiastic about future development of Vyxeos as well as exploring other opportunities for the CombiPlex technology platform. Finally, I'm pleased to note that we'll have a strong scientific presence at the American Society of Hematology meeting next month with two oral presentations for Vyxeos, two oral presentations for Defitelio, six posters on Defitelio, Vyxeos and Erwinaze, and one online-only publication. We look forward to the rest of 2016 and a catalyst-rich 2017. Some significant planned events include: announcement of the preliminary Phase 3 JZP-110 data evaluating excessive sleepiness in OSA and narcolepsy and a potential NDA submission; completion of the Vyxeos NDA submission and potential FDA approval and launch in the U.S.; submission of the Marketing Authorization Application for Vyxeos in the E.U.; increasing clarity around Xyrem generic challenges; submission of an sNDA for Xyrem to include the pediatric Phase 3 study results and the report to meet the requirements for the pediatric written requests; initiating enrollment in the JZP-258 Phase 3 study; completion of the JZP-507 pivotal BE study; and advancement of other oxybate R&D programs. We believe these catalysts provide the potential to generate strong mid to long-term growth for shareholders and demonstrate our commitment to and execution on diversifying and expanding our commercial and development portfolio. Matt, let me now turn the call over to you. Matthew P. Young - Jazz Pharmaceuticals Plc: Thanks, Bruce, and good afternoon, everyone. We are pleased with our financial performance in the third quarter of 2016 as total revenues increased 10%, driven primarily by higher sales of Xyrem and Defitelio compared to the third quarter of 2015. We expect strong top-line growth for 2016 and are maintaining our total revenue guidance in the range of $1.485 billion to $1.53 billion. Net sales of Xyrem for the quarter were $286 million, up 18% from $243 million in the third quarter of last year. We are updating our guidance range for Xyrem net product sales to $1.1 billion to $1.125 billion from a previous range of $1.095 billion to $1.13 billion and continue to expect mid to high single-digit volume growth for the full year 2016. Turning to Erwinaze, third quarter worldwide net sales were $43 million, down 24% compared to net sales of $56 million in the third quarter of 2015. We experienced a supply interruption that led to back orders of Erwinaze in the U.S. At the end of the third quarter, there was no inventory on hand at our U.S. distributor as compared to 16 days on hand at the end of the third quarter of 2015. The inability to supply certain markets resulted in approximately $13 million impact on net sales; approximately $10 million related to the reduced inventory worldwide and approximately $3 million related to back orders at the end of the quarter. While we expect to continue to experience supply disruptions, we are maintaining our guidance for Erwinaze net sales with a range of $190 million to $215 million for 2016. Worldwide, Defitelio net sales were $28 million in the third quarter, an increase of $8 million compared to the third quarter of 2015. U.S. sales in the third quarter were $7 million. As we have previously indicated, physicians in the U.S., particularly those that treat adult transplant patients, are less experienced in diagnosing and treating VOD, which is an ultra-rare disease. And dosing of Defitelio is weight based, all of which can increase intra-quarter variability in Defitelio net sales. Also, as we indicated on our second quarter call, there was some initial stocking in the U.S. distribution channel and by institutions. We are narrowing our guidance for Defitelio/defibrotide net sales for 2016 to a range of $105 million to $120 million from a previous range of $105 million to $125 million and expect approximately $80 million to $90 million in Europe, rest of world sales and $25 million to $30 million in U.S. sales. Prialt net sales for the third quarter of 2016 increased to $9 million compared to $6 million in the same period of 2015. The increase was primarily driven by sales to Eisai for distribution and sale in Europe. Turning to operating expenses, adjusted SG&A expenses for the third quarter of 2016 were $95 million compared to $85 million in third quarter of 2015 or 25% of revenue in both periods. The increase in adjusted SG&A was primarily due to higher head count and an increase in other expenses resulting from the expansion of our business. We are decreasing our 2016 guidance for adjusted SG&A expenses to a range of $395 million to $405 million or 26% to 27% of revenue from a previous range of $400 million to $415 million. Adjusted R&D expenses for the third quarter of 2016 were $43 million or 12% of revenue compared to $23 million or 7% of revenue in the same period in 2015. The increase in R&D expenses was primarily driven by costs related to the development of JZP-110, including accelerated enrollment in the narcolepsy studies, our oxybate-related R&D programs, the Defitelio prevention of VOD study, the Xyrem Phase 3 pediatric study activities and costs related to our Vyxeos rolling NDA submission. We're increasing our 2016 guidance for adjusted R&D expenses to a range of $145 million to $155 million or 9% to 10% of revenue from a previous range of $135 million to $145 million. Adjusted net income for the quarter was $158 million or $2.57 per diluted share compared to $159 million or $2.52 per diluted share for the third quarter of 2015. For 2016, we are maintaining our adjusted EPS guidance in a range of $9.90 to $10.30 per diluted share. Adjusted net income growth was impacted by the Celator transaction and related expenses in the third quarter of 2016 and the significant increase in R&D project spending. Together, these reduced our third quarter 2016 adjusted EPS by approximately $0.30 per share. As of September 30, the outstanding principal balance of our long-term debt was $2.3 billion and we had a total of approximately $426 million in cash, cash equivalents and investments, as well as $250 million in undrawn revolver. During the third quarter, we spent $97 million to repurchase shares, which completed our prior $300 million share repurchase program. Our Board of Directors has authorized a new share repurchase program, under which we are authorized to repurchase up to 300 million of our company's shares. While we believe our stock is attractive at these prices, we also have a strong appetite for corporate development transactions and are evaluating multiple opportunities focused on further diversifying our portfolio. As we look to deploy our cash, we will seek to optimize the allocation of capital between R&D, commercial products, corporate development opportunities and the repurchase of shares with a focus on providing the best long-term return on investment for shareholders. In closing, we are pleased with our progress year-to-date. We remain focused on executing on opportunities to drive organic growth of our key products and advancing our existing development pipeline, all while further broadening our future growth prospects by continuing to increase the depth and breadth of our R&D pipeline and to diversify our portfolio through corporate development. Thank you for joining us on the call today. I'll now ask Bruce to make a few brief comments. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Thanks, Matt. Before proceeding to Q&A, I'd like to comment briefly on the challenging macro environment within our industry where the sustainability of many business models is being called into question. I'll remind you that we remain focused on generating value through our consistently articulated sustainable business model of identifying differentiated assets with significant clinical value to patients, executing on the development and commercialization of these assets, maximizing their value through disciplined investments, including line extensions, and using our strong balance sheet and cash flow to further diversify our portfolio through acquisitions, licensing transactions or partnerships. We believe that this model supports our goal of delivering meaningful therapies for patients while building shareholder value. Diane? Diane H. Schrick - Jazz Pharmaceuticals Plc: Thanks, Bruce. We request that you limit your questions to one at a time and then feel free to reenter the queue if you have further questions. With that said, I'll turn the call back to the operator to open the line for your questions.

Thank you. And our first question comes from Jason Gerberry with Leerink Partners. Your line is now open. Jason Gerberry, JD - Leerink Partners LLC: Hey. Good evening. Thanks for taking my question. So I guess just on the new Xyrem programs, just kind of curious how we should think about the ability to get patents around these. Is this something that could be eligible for NCE status? Or will this mainly be something covered by formulation IP? And in general, what proportion of patients are on the higher 9-gram dose that get this high quantity of sodium? Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So, Jason, on the first part of your question, yes, we have patents and additional pending patents on both of the product candidates I mentioned, JZP-258 and JZP-507, and that, we believe, will offer protection for those products. In terms of the breakdown of dosing, we find that most of our patients do move to the higher end of the dosing interval over time to get the efficacy they need. I think the average is probably 7.5 grams or higher, but we do have a substantial number of patients who are in fact on the 9-gram total dose per night. Jason Gerberry, JD - Leerink Partners LLC: Got it. Thanks.

Thank you. And our next question comes from Douglas Tsao with Barclays. Your line is now open. Douglas Tsao - Barclays Capital, Inc.: Hi. Good afternoon. Thanks for taking my questions. Just, Bruce, again on the follow-on Xyrem products, just trying to understand how you're thinking about both the regulators as well as payers, sort of more substantively sort of demonstrated the sort of clinical value over the existing Xyrem product. I mean I guess, I hear you in terms of the lower sodium content being better in abstract, but obviously this is a very tough environment in terms of reimbursement. And so, what kind of outcome studies or – presumably (27:56) you don't have an outcome study or sort of data are you going to provide to sort of justify switching patients over and getting reimbursement for this product? Thank you. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So, Doug, we haven't talked about – it's not appropriate to talk about pricing at this point, but given the choice of Xyrem or a reduced sodium version of Xyrem, assuming all other things are equal, we do believe it would be an easy choice for payers to put patients on the reduced sodium product. We know there are patients for whom high sodium load is a concern about even putting patients on sodium oxybate at all, or requires other changes to their sodium intake. And so if you had a choice of those two products, I think it's pretty clear. Douglas Tsao - Barclays Capital, Inc.: And then just one quick follow-up, if I might. I mean, are you surprised given how quickly – last quarter you talked about seeing a slowdown in diagnosis rates, and it sounds like you sort of were able to refocus effort with some of the sales force. I mean to see an improvement this quickly, does that surprise you? Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah, just to be clear, Doug, I think what we said last time was a commentary on overall narcolepsy diagnosis, and what I referenced in this call was in particular an improvement in the diagnosis of type 1 narcolepsy, which is narcolepsy with cataplexy. So it's a little bit apples and oranges. I know they're related, but slightly different measure. Douglas Tsao - Barclays Capital, Inc.: And what would you say is sort of more significant for total Xyrem volume? Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So let me hand that over to Mike. Michael Patrick Miller - Jazz Pharmaceuticals Plc: Yeah. Type 1 is the ideal Xyrem patient because it has the cataplexy component. Douglas Tsao - Barclays Capital, Inc.: Okay, great. Thank you very much. Michael Patrick Miller - Jazz Pharmaceuticals Plc: Sure.

Thank you. And our next question comes from the line of David Maris with Wells Fargo. Your line is now open. David Maris - Wells Fargo Securities LLC: Hi. On the R&D activity for 2017, Bruce, it sounds like you're going to be quite active. So should R&D rise faster than sales, and on the one study that you said 185 patients in 60 sites over 18 months, is that 18 months of enrollment or to complete the study? Because it seems like a long enrollment, but thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah. I will hand the second part of the question over to Karen, but on the first part of your question on the growth in R&D activities, of course, we haven't yet given guidance for 2017 spending. But I will say the strategy we've articulated generally calls for an increasing percentage of sales to go to R&D over a 3- to 5-year period. Exactly how that changes year to year can be strongly influenced by, are we in the heavy spend portion of a particular program. I'll note that we'll be coming out of JZP-110's heavy spend period as we start heavy spend in other programs. So we probably need to wait to get more specific until we're ready to give 2017 guidance. But if I broaden that out, not just to 2017 in particular, but sort of the next few years, assuming we've got the right programs to invest in that we're confident are a great fit with our strategy and offer good return characteristics, then we'd actually like to take it up somewhat over time. Karen, you want to address the question about the 18-month period? Karen L. Smith - Jazz Pharmaceuticals Plc: Sure. The JZP-258 study has 185 patients that were seeking to enroll at the 60 sites crossing both the U.S. and Europe. It is 18 months approximately to enroll and looking at an FPI beginning of next year. And the reason why it takes that long is because these are narcolepsy patients. It's a rare disease, and so it does often take that long. And certainly we have a lot of experience enrolling this type of patients through our JZP-110 studies. So we believe that's an appropriate timeline. David Maris - Wells Fargo Securities LLC: Great. Thank you very much.

Thank you. And our next question comes from Liav Abraham with Citi. Your line is now open Liav Abraham - Citigroup Global Markets, Inc. (Broker): Good afternoon. Can you just clarify on the two follow-on products, JZP-507 and JZP-528? Perhaps, you can give us specifically when you think these products could come to market and then make any comments on the commercial strategy. I understand it's early, but any preliminary comments that you can make on that front would be interesting. Would you be actively looking to move patients? And if so, to JZP-507 or to wait until JZP-528? And how you are thinking about that at this point? Thank you. Michael Patrick Miller - Jazz Pharmaceuticals Plc: Yeah, Liav, it's probably too early to spend a lot of time on commercial strategy. I think the thought with developing both these products is they'd be appropriate therapy choices for patients initiating therapy but also conceivably for patients who are on existing product Xyrem. So I think our expectation is there'd be a pretty broad potential for both products. And I forgot the first part of the question. What was the first part of your question, Liav? Diane H. Schrick - Jazz Pharmaceuticals Plc: (33:37) Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Oh, timing. Liav Abraham - Citigroup Global Markets, Inc. (Broker): Well, if you could be a little more specific on timing, yeah. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah. Probably not a lot more to say right now other than for the faster of the two programs, our hope would be to get something submitted early in 2018. For the second program, as you just heard from Karen, our thought is we'd be still enrolling patients in 2018 before we turn our sights to completing the trial, analyzing the data and moving to a regulatory submission. Liav Abraham - Citigroup Global Markets, Inc. (Broker): All right. Thank you.

Thank you. And our next question comes from Ronny Gal with Bernstein. Your line is now open. Aaron Gal - Sanford C. Bernstein & Co. LLC: Hi. Good afternoon. Thank you for taking my question. About the sales force you introduced to help physician with reimbursement for Xyrem, can you just quantify for us the opportunity here? Are there a lot of patients who don't get the drug because of the challenges? Is that simply a delay in refill rates? How should we think about what – the return on investment on that sales force? Michael Patrick Miller - Jazz Pharmaceuticals Plc: Sure, this is Mike. It's not a sales force, just to be clear. It's a field reimbursement force (34:52) that helps offices and providers navigate the prior auth process. And the advantage to that is you actually do some teaching to the staff on how to navigate it. This cuts down on rejections, it speeds processing, and overall, we think it will help more patients get through the process and eventually to drug. Aaron Gal - Sanford C. Bernstein & Co. LLC: Can you quantify that? Michael Patrick Miller - Jazz Pharmaceuticals Plc: No, I think – but most brands of this magnitude have these types of sales forces or have these type of access folks in the field. This is a common offering and I think it's going to help us a lot. It's going to help patients. Aaron Gal - Sanford C. Bernstein & Co. LLC: Thank you.

Thank you. And our next question comes from the line of Gary Nachman with BMO Capital Markets. Your line is now open. Gary Nachman - BMO Capital Markets (United States): Hi. Good afternoon. Another one on the Xyrem follow-ons. How far out will those patents that you mentioned go in terms of timeline? And just describe a little more what the difference is between JZP-507 and JZP-258 in terms of the sodium load. Is there anything else, other potential benefits over Xyrem, either one or the other? Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So, Gary, on the IP that's been issued, that's out through 2033. On JZP-507 and JZP-258, JZP-507 has about a 50% reduction in sodium load; JZP-258 has about a 90% reduction in sodium. Gary Nachman - BMO Capital Markets (United States): Okay. And is there anything else that you think? Any other types of benefits that you might have with those formulations? Or it's really just the lower sodium? Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Well, as I said in my comments, we believe Xyrem is actually a very effective product already. We think in this particular case, we're improving one of the ways in which the product is not ideal and that that is potentially a significant benefit to patients. Gary Nachman - BMO Capital Markets (United States): Okay. Thank you.

Thank you. And our next question comes from Annabel Samimy with Stifel. Your line is now open. Annabel Samimy - Stifel, Nicolaus & Co., Inc.: Hi. Thanks for taking my question. I thought I'd change the subject a little bit and talk about Defitelio. I'm a little bit surprised that it was down sequentially. I know you had some stocking in the first quarter, but you also added a number of sites and you've had a number of reorders. So can you tell us any other dynamic that's going on that can help us understand the sequential decline? Thanks. Michael Patrick Miller - Jazz Pharmaceuticals Plc: Sure. This is Mike. Yeah. We are early in the launch, and in Q2, we had a significant amount of stocking both in our distribution partner, as well as initial orders by institutions. We have, since launch 105 accounts have ordered Defitelio. 86% of those have reordered. We are pleased with that. Those accounts account for about three-quarters of all the adult allo transplants. Again, we have kicked off a significant education effort. We have trained about 30 speakers in Q3, and we'll conduct about 40 educational programs in Q4. I would say the adoption right now, though we don't have patient-level data, is more pediatric than adult, and that goes back – I think we did predict that based on our relationships with pediatric centers from Erwinaze. So we're currently focusing on the adult centers, and we said the NTAP is effective on 10/1, so we'll pull that through the adult center as well. Annabel Samimy - Stifel, Nicolaus & Co., Inc.: Okay... Bruce C. Cozadd - Jazz Pharmaceuticals Plc: And, Annabel, I'll just add, remember on a global basis, both Erwinaze and we expect Defitelio may bounce around a little bit from quarter to quarter for reasons Matt outlined. That's one of the reasons we give annual guidance, and we took the annual guidance from $105 million to $125 million to $105 million to $120 million, so effectively, I think we're right on track. It doesn't change our expectations for the product. And I'll say this going forward into 2017 and 2018 as well, I just think you'll see some bouncing around from quarter-to-quarter for products that treat as few patients as these products do. Annabel Samimy - Stifel, Nicolaus & Co., Inc.: Okay, thank you.

Thank you. And our next question comes from Marc Goodman with UBS. Your line is now open. Marc Goodman - UBS Securities LLC: Could you talk about Defitelio in Europe and just what was happening there in the quarter relative to the previous couple quarters? And then just one question on the JZP-507 product. Do you think that we'll have data in 2017, or do you think that's going to move into 2018? Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah. So let me ask Russ to take Defitelio in Europe first. Russell J. Cox - Jazz Pharmaceuticals Plc: Yeah. So no significant change overall in the way that we're thinking about Defitelio in Europe. We saw some really nice uptake in the UK and Italy in the second quarter, and then we saw a little bit of a slowing in the third. But ultimately, we feel like we're on a very strong pace for a good year with Defitelio in Europe. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: And on the JZP-507 program, we haven't made clear yet exactly when we'd release data. Our goal will be to complete the study next year and move to early 2018 NDA submission. Exactly when on that timeline we'd be releasing data, we haven't decided yet. Marc Goodman - UBS Securities LLC: Okay.

Thank you. And our next question comes from Jessica Fye with JPMorgan. Your line is now open. Jessica M. Fye - JPMorgan Securities LLC: Hey, there. Thanks for taking my question. I wanted to follow up on David's question about R&D as a percent of sales. Bruce, I know you said this will increase over the next several years, so maybe less of a 2017-specific question, but I'm trying to get a better sense of kind of where we're headed, right? So this quarter, I think we were close to like 12% of product sales, maybe it would have been a little lower if Erwinaze had been a little higher. But I think the guidance for this year implies something more in the 10% range. So is it 12% where we're ultimately heading to? Is it higher than that? Any kind of, I don't know, bookends you could put around that would be helpful. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah, let me ask Matt to comment on that. Matthew P. Young - Jazz Pharmaceuticals Plc: Yeah. Hey, Jessica. I'd say we're – broadly speaking, the trend that Bruce articulated is the right thing to focus on, which is as we continue to have programs, we want to take forward from our existing molecules or as we layer other products in – or pipeline programs in through corporate development or licensing transactions, we are looking to make sure as we deploy capital that we shift some of the capital spend away from corporate development and into identified R&D. And that's been something that both through our corporate development transactions and through the molecules we have we've been focused on doing. Whether or not that's 10% or 12%, we again haven't given forward-year guidance or multi-year guidance. But we had indicated we thought it would go up towards 10% which, as you said, is roughly in line with the guidance for this year. And as we continue to identify and discuss programs that may increase that, I think, we'll provide more visibility on whether or not that number would move up again from there as time progresses. But near term, I – and again with the guidance we actually have put out, it's the 9% to 10%. Jessica M. Fye - JPMorgan Securities LLC: Okay. Thank you.

Thank you. And our next question comes from Irina Koffler with Mizuho. Your line is now open. Irina R. Koffler - Mizuho Securities USA, Inc.: Hi. Thanks for taking the questions. I just wanted to see if you could confirm if there's any change in your formulary status as we head into 2017. And then also, what if anything are you doing to prepare for the choppiness of the first quarter with the high deductible plans to prevent attrition of your Xyrem patients? And then I have a follow-up on the sodium oxybate life cycle extension. Would you expect step edits in that product just for patients who are at risk of hypertensive events or are obese or whatnot if most patients that start on the drug are actually young adults that might not be at risk for sodium-related tolerability issues? Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah. So let me take the second one first, Irina, then I'll have Mike comment on formulary status and navigating through the first quarter. Before we get to how payers will look at JZP-507 or JZP-258, let us get the clinical data. Let us get our filings in and let's talk about pricing. I don't think they're going to step edit us if the price is at or a slight discount to Xyrem. If it's a huge premium to, maybe, but I think it's a little too early to be trying to figure out how they'll manage it. I'm confident they'd love to have their patients on a better product with lower risk to the patients, all other things being equal. Mike, you want to talk about Xyrem formulary in first quarter? Michael Patrick Miller - Jazz Pharmaceuticals Plc: Sure. So for the third quarter, our reimbursement rates were very steady, no different than in the past couple of quarters, so we're very pleased with that. And to speak for the first quarter 2017, we're also very pleased with the way SDS has been operating. They've been operating well. As Bruce mentioned, we have completed the REMS so that now SDS is very focused on processing prescriptions and being ready for Q1. And again, that's an environmental – certainly an event. But I think we'll be well prepared for it. Irina R. Koffler - Mizuho Securities USA, Inc.: Is there any plan to buy down any of these deductibles or any additional co-pay assistance you'll be offering? Michael Patrick Miller - Jazz Pharmaceuticals Plc: Not at this time. Irina R. Koffler - Mizuho Securities USA, Inc.: Thanks.

Thank you. And our next question comes from the line of Ken Trbovich with Janney. Your line is now open. Ken Trbovich - Janney Montgomery Scott LLC: Thanks for taking the question. I was wondering if you could address the shortfall with regard to Erwinaze quantities being available and then the fact that you did not change guidance with regard to the overall outlook for the year. Can you help us understand what gives you confidence with regard to the overall outlook? Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah. So, Ken, our focus on trying to fix this problem is very much based on ensuring we get treatment to the patients who need it. From a financial perspective, of course, once we have product available and we ship it out to folks who are on back order or we put it into the hands of our distributor, that builds back up the usual and customary couple weeks of supply that sits there. So our financial results over time balance out and aren't as impacted. We're focusing the comment on mentioning we've had temporary outages because our business is to make sure we have the product for the patients that need it. And that's where we've fallen short. That's the important piece of this. From a financial perspective, really less of an impact over time. Ken Trbovich - Janney Montgomery Scott LLC: Okay. Thank you.

Thank you. And our next question comes from Ken Cacciatore with Cowen & Company. Your line is now open. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Hey, Ken Cacciatore, are you there?

Ken, your line is now open. And our next question comes from the line of Gregg Gilbert with Deutsche Bank. Your line is now open. Gregg Gilbert - Deutsche Bank Securities, Inc.: Thanks. I'll take Ken's questions. Let me go back to the narcolepsy diagnosis comments because I'm a little confused. Cautious tone last quarter, more positive tone this quarter. Bruce, you said they're apples and oranges in terms of the definition that you are speaking to. So I guess I'd like to know what your takeaway is from here going forward and how that marries your confidence in continued bottle growth, perhaps heading into next year conceptually based on whatever diagnoses, sort of leading indicators you're talking about because I'm left confused on that issue. And the second part of my question is how your current stock price changes, if at all, your capital deployment priorities? It sounds like the prepared remarks, Matt, you offered a quite similar to over the past several quarters. Just wondering to what degree the level of your stock price changes anything even on the margin. Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So on the first part of your question, Gregg, we've had a long-term effort in place over a couple of years now to try to improve narcolepsy diagnosis, in large part to speed the path to diagnosis for patients that we know often go undiagnosed for many years. I was actually talking to a mom of a patient today who has been through a multi-year process to get to diagnosis. We hear this from adults who often go 5 to 10 years or more to diagnosis. And anything we can do to move more patients from the unknown status of being a sufferer who doesn't know what disease they have or how to treat it to patients who are diagnosed and can start to seek appropriate treatment the better. We've expressed some confidence over a couple of years that we've had a real – some success there, some traction, and on a number of conference calls, we've highlighted that, that we've seen in fact nice growth in overall narcolepsy diagnosis rates. I think we made a comment on the last call to say we had seen a slowdown in that diagnosis. I thought that was appropriate fair balance after telling you the good news for a couple of years that we were increasing it to at least be fair and say we have seen a little bit of a pull-back in that. We've also had an effort under way specifically targeted at type 1 narcolepsy diagnosis, so a subset of the whole disease. This is narcolepsy with cataplexy. By focusing on use of a diagnostic tool called the Swiss Narcolepsy Scale, among other things, which is sensitive for uncovering cataplexy. And that's been a focus of our efforts, our educational efforts, and we're pleased to see that in that subset of narcolepsy patients we are seeing a nice increase, and I think as Mike told you, those are some of the best candidates for Xyrem therapy. I hope that helps. On the stock price level and how that makes us think about capital allocation opportunities, I'll hand that over to Matt to talk about, but I'll just remind you that the issue is not just where our stock price is, it's where valuations are generally. And while I'm not particularly pleased with our stock price these days, if that means that other valuations are down, too, which they are and we're a net buyer of assets, that honestly is good news for us. That allows us to earn higher returns on the types of investments we make, where we do deploy assets or do deploy capital to buy assets that diversify our business, give us new growth opportunities in sleep and in hem/onc. So on the one hand, lower stock price means better opportunity to buy back our own stock, but I'll just remind all of you that it also means we have some really nice opportunities to buy other assets at better prices. Matthew P. Young - Jazz Pharmaceuticals Plc: So, Bruce left me a lot of room there to talk about other stuff, Gregg. I'll just make the point I think we are pleased. We finished the previous $300 million repurchase program, I think, a little faster than we anticipated, even including the – which was about a year from start to finish. And we did that even with a pause as we went forward with the Celator transaction and thought through what we wanted to do from a capital structure perspective related to that transaction. So I think that tells you we're eager to invest in our stock price, but as Bruce – in our stock at this price and prices higher than this, but we need to balance that with the opportunity to continue to diversify and grow our business over time. Gregg Gilbert - Deutsche Bank Securities, Inc.: Thanks. I'll jump back in.

Thank you. And our next question comes from the line of David Amsellem with Piper Jaffray. Your line is now open. David A. Amsellem - Piper Jaffray & Co.: Thanks. On Vyxeos, just curious to get your thoughts, since you talked about regulatory filings, your thoughts on the kind of label you're going to request and, in particular, how wide of a label are you going to shoot for and what you think is realistic to expect in the AML setting. And then any updated thoughts also on pricing, and how we should think about that in the U.S. market? Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So, David, let me have Karen comment on the first part of your question around potential breadth of label. Karen L. Smith - Jazz Pharmaceuticals Plc: So I think it's a little early to speculate on exactly what the label would say. What I can tell you is that they often start with what was the eligibility for the patients that were studied in the trial and these were frontline patients previously untreated. There was a focus on secondary AML, so therapy related or myelodysplasia-related changes for these patients. And in terms of an age range, they were 60 to 75-years-old, which is in accordance with the average age of patients for AML. As you know, the results were highly statistically significant from an overall survival as a primary efficacy endpoint of both 12 and 24 months. So still to be discussed with the FDA, and we look forward to having those discussions when the time is right. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: And I would say probably, David, a little too early to talk about pricing at this point. David A. Amsellem - Piper Jaffray & Co.: Okay. Thought I'd try. Thanks.

Thank you. And our next question comes from the line of Louise Chen with Guggenheim. Your line is now open. Louise Chen - Guggenheim Securities LLC: Hi. Thanks for taking my questions. The first question I had was back on the sodium oxybate. Just curious if you could give us more color behind the clinical benefit of having less sodium and why that's meaningful. And then secondly, if you could give us any updated thoughts you have on the market opportunity for Vyxeos. Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah, Louise, for the first part of your question, let me have Karen talk to that. Karen L. Smith - Jazz Pharmaceuticals Plc: So, hi, Louise. I think it's well documented and there's been many, many epidemiological studies around the association and the correlation between morbidity, modality, cardiovascular disease and increased salt intake. And we also know that the recommended daily intake is 2,500 milligrams to 1,500 milligrams per day depending on the type of patient. So if you look at the narcolepsy population, we also know that they have a higher incidence of cardiovascular comorbidities than the average population. So although we can utilize Xyrem and it's proven to be safe and effective when prescribed according to the recommended regimen, it is still a 9-gram dose. The dose they take over a period of a night is still 1,640 milligrams of sodium. So we truly believe that a reduction in sodium in a new formulation of Xyrem would provide significant benefit in a clinically meaningful way to patients, not only from an improved safety profile but also particularly for patients who have a sensitivity to sodium through sodium-sensitive conditions, or really for any patient who is concerned about salt intake. So we do believe that it is going to be a clinically meaningful difference for patients and for prescribers in terms of the choices that they make. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So, Louise, let me have Mike comment on the Vyxeos market opportunity. Michael Patrick Miller - Jazz Pharmaceuticals Plc: Sure. So in the United States, about 20,000 AML patients per year, about half of those are designated chemo fit, meaning that these patients are challenged with chemo. And then when you really look at eligible drug-treated patients, you get to about 3,600 adult patients with this secondary AML, as Karen described. So, obviously, a very, very sizable patient population that does not respond well to 7+3, so a real clinical need. And I think moreover, when you look at some of the data for Vyxeos, there may be an opportunity to actually increase the amount of patients that are in the chemo fit category. So we're excited. Louise Chen - Guggenheim Securities LLC: Thanks.

Thank you. And our next question comes from the line of John Boris with SunTrust Robinson Humphrey. Your line is now open John T. Boris - SunTrust Robinson Humphrey, Inc.: Thanks for taking the question. Most of them have been answered but just one related to litigation. I'm not sure if you covered this early on in the call. But I guess Amneal was looking to consolidate their case. Was there any news that occurred on the consolidation with Amneal? And then any update on the timing with Roxane on the litigation front? Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah, John. You didn't miss it. We didn't comment yet. The Amneal attempt to consolidate back into the Roxane timeline was denied and that was fairly recent. And in terms of a timeline with Roxane, no real change, still headed for the May 1 proposed trial date.

Thank you. And our next question comes from the line of Stephan Stewart with Goldman Sachs. Your line is now open. Stephan Stewart - Goldman Sachs & Co.: Hey, guys. Thanks for the questions. Sorry to belabor the point, but just wanted to come back to the follow-on sodium oxybate products. Any reason why there should be two separate programs, seeing that it's really just different sodium concentrations? And then secondly really quickly, on Xyrem patient volume this quarter, I saw it stepped down sequentially a bit, haven't really seen that much in the past. Any reason why patients step down? Bruce C. Cozadd - Jazz Pharmaceuticals Plc: Yeah. So let me take the second one first. We report a somewhat crude measure once a quarter, which is an average number of patients. And how we derive that number ends up bouncing around a little bit depending on which days we take as the start and the end and what shipments happen to go out and what things happen in our – at the Central Pharmacy. It's not a super-accurate measure. We find over time shipped bottle volume is a much better way to measure progress. We have seen this before. It's not common. But I will say particularly when we looked at our business at the end of the third quarter, it was doing exceptionally well, so I wouldn't read too much into that. On your first part of your question about why we're moving forward with two programs? We're very excited about both of these, but it's R&D. There's no guarantee that any program has 100% probability of making it through to the end. We've been talking for years about wanting to make sure we had multiple shots on goal. These are slightly different development paths, one bioequivalent; one not. One's a little bit faster and cheaper; the other takes a little bit more time and has the potential for a bigger benefit. And honestly, we thought it made sense to pursue both. This is important to us to get right and we intend to do that. Interestingly as we debated how much to disclose, part of our decision was driven by the fact that we were about to go public with the JZP-258 program because we were going to need to make that publicly visible through ClinicalTrials.gov. And as we contemplated disclosing JZP-258, it occurred to us that we had a program inside of that one that people didn't know about yet, and so we decided to go public with both of those at the same time today. I hope that helps people understand the timing of our disclosure. I do think these both could represent improvements over Xyrem. We'll pursue both. And depending on where we end up with those R&D programs, we'll make the best decisions about the path forward for the benefit of patients and our business. Stephan Stewart - Goldman Sachs & Co.: Great. Thanks for the update. Diane H. Schrick - Jazz Pharmaceuticals Plc: Operator, we'll take one more question.

Thank you. Our last question comes from the line of David Maris with Wells Fargo. Your line is now open. Katie Brennan - Wells Fargo Securities LLC: Hi. It's Katie Brennan on for David. Thanks for taking the last few. I just would like to follow up on the Erwinaze supply constraint and what you're doing to make sure that you kind of resolve that going forward. I remember you saying you had begun running 24/7 shifts and that that possibly you'd see the benefits of that in late 2016. So wondering kind of where that stands? And then the longer-term solution to that? And if you can just clarify if the deuterated sodium oxybate candidate, which you'd hope would be once-nightly dosing, would that product be at the reduced sodium levels of the – farther along follow-ons or at the original currently marketed Xyrem sodium level? Thanks. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So, Katie, on the second part of your question, again, for the once-nightly effort, we've got multiple pieces of that puzzle, so it's not one answer to that question. On Erwinaze, think about it this way; right now, we need every vial of every batch of Erwinaze to supply all of the demand we'd like to supply. And so, we're working as hard to make sure that every vial gets produced is high quality, gets released on time, and a lot of our efforts are around reliability, quality, yield. Over time, as we increase capacity, we'd like to get to the place we're at, frankly, with some of our other products where we've got some safety stock, right? We've manufactured some. It's sitting on the shelf here and provides a buffer. If anything goes wrong with a particular lot that we're manufacturing, we throw it away and make a new one and the market never sees that because that's just an expense to us. That's where we are, for example, with Xyrem. To get there, we're going to have to make significant improvements in capacity, and we're going to have to get far enough ahead of the demand curve that we have a full extra lot sitting there, or a couple. That's going to take time. So think of the near-term efforts as improve quality, reliability, yield, think of the mid-term efforts as really focused around significantly improving capacity so we can get ahead of this and really cushion the market against any shocks in supply. I'll also point out that we do have some asparaginase related development efforts. We've talked on this call about our oxybate-related development efforts. We've talked about defibrotide in terms of prevention of VOD. We've talked about our JZP-110 program. I mentioned interest in potential additional development of Vyxeos. But this is another area where we're interested in and we have efforts under way to see if we can come up with even better products for patients than the existing Erwinaze product. Those are earlier-stage development efforts. They're not close to coming to market, but think of us trying to address this problem on multiple ways: short term, medium term and long term. Katie Brennan - Wells Fargo Securities LLC: If I can add one just follow-up on something that also has yet to be addressed on the call, diversifying away from Xyrem with internal candidates we've spoken about, but can you speak a bit about the external opportunities, your appetite for bolt-on deals and how much room on the balance sheet you have to do so? Bruce C. Cozadd - Jazz Pharmaceuticals Plc: I'm going to hand this over to Matt, and this time, I'm not going to steal all his thunder before I let him answer. Matthew P. Young - Jazz Pharmaceuticals Plc: Yeah, thanks. So we continue to be very interested in pursuing corporate development and are seeing some attractive opportunities as we said in the comments we made about share repurchases and in our general remarks. So given the environment from a capital markets perspective, we believe there are a number of good opportunities, both within our existing therapeutic areas and as we continue to seek to broaden and expand the business. And so we expect to definitely be active as it relates to both searching for and evaluating and ultimately, hopefully, securing new assets. It's always hard to predict timing, which we always say. And the other part of that, I would say, is you asked about balance sheet, so we've still got substantial capacity on the balance sheet. The leverage finance markets have improved in recent times and through to the summer in terms of where high-yield secondary levels are and CLO formation and the term loan market. So ultimately, the capacity is still there to do several billion of acquisitions. Again, that depends a bit on the target and what cash flow it may bring in in the near term and the relative risk profile of the assets in terms of how aggressively we would lever up and pursue some additional product opportunities. But we think the landscape's favorable and operationally, we're in a good position to execute on that. Bruce C. Cozadd - Jazz Pharmaceuticals Plc: So this is Bruce. We're a little past the bottom of the hour, and I think we're going to wrap up. Let me close by thanking all of our employees around the world for their efforts around Erwinaze supply, but also on a high-quality launch of Defitelio in the U.S. and the many, many R&D programs we have going across our portfolio. I think a number of you have noticed how much busier we've become on that front. I think that's going to be pretty exciting for us in 2017 and beyond but requires a lot of hard work from a team. So I just want to say thanks to everyone and thanks to the investors who've weathered the ups and downs of our industry lately. We are really focused on having a sustainable business model and executing against it well. Diane, over to you just to wrap up. Diane H. Schrick - Jazz Pharmaceuticals Plc: Yeah, thank you. Thanks again for joining us today. We will be participating in the Jefferies, Piper Jaffray and BMO Healthcare conferences this quarter and hope to see many of you there. This now ends our call.

Ladies and gentlemen, thank you for your participation in today's conference. This does conclude the program, and you may now disconnect. Everyone, have a great day.