In 2009, sanofi-aventis expects growth in adjusted EPS excluding selected items of at least 7% at constant exchange rates, barring major adverse events such as the launch of a generic of Lovenox in the United States.
As previously noted on this board, if MNTA/Sandoz obtain the only FDA-approved generic for Lovenox, it will be the largest-selling generic drug of all time by a wide margin and clearly a “major adverse event” for Sanofi!
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”