Biotech Values

[mcbio]

Re: SNY - Lovenox price cut

The problem with that PR is that many people will come away with the idea that SNY is cutting prices of L by 40%. But when you do the long division the average cut is 14.24%.

That is approximately the same as mL pricing.

Can you further explain this to me in terms of how you get to the 14.24%? I read it quickly and at first blush I too came away with the reaction that SNY was cutting prices by 40%, which certainly made no sense to me. It makes sense SNY wouldn't want to deviate too far from Sandoz/MNTA's prices so that both sides win.