MNTA – That MYL planned to submit a Copaxone ANDA based on the product from NATCO, its Indian partner, has been known for more than a year (#msg-29902618). Thus, today’s news that MYL submitted an ANDA and the FDA decided to review it is not especially consequential for MNTA investors.
If the FDA ended up approving MYL’s Copaxone ANDA, that would of course be consequential.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”