Momenta Pharmaceuticals, Inc. (MNTA)

[jmkobers]

Those calculations aren't accurate because the market won't view them as sustainable. If they had much of a chance of being true would we be where we are? Dew did the same thing for mEnox and estimated 60-100 based on the dream scenario, and it came true for close to a year and a half. The price briefly spiked to 24 post approval before getting pounded into submission shortly thereafter. You were here for that, why don't you get it yet?

I am basing my 15 estimate on the mEnox saga more so than anything else. I think the market will behave similarly because the situations are more similar than different (and I realize the profit split is better for MNTA than it was for mEnox). If the market stabilizes after a MYL approval and MNTA is showing strong earnings there is potential for higher than 15 but the market won't price that in until it is proven over time.