MNTA—The closeness of my $19M estimate for MNTA’s 2Q15 Glatopa revenue was due to blind luck. I thought the initial gross margin would be low, but I hadn’t accounted for the $9M MNTA reimbursed NVS for pre-launch commercial expenses.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”