MNTA – I don’t think the FDA’s non-action on Teva’s Citizen Petition for Copaxone was behind today’s stock move because the non-action letter is neutral for MNTA, not bullish. All the FDA has done is put off a decision on the CP until there’s an actual need for a decision to be made (i.e. after expiration of the automatic 30-month stay in early 2011).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”