I can't find explicit language in the contract that requires Momenta to reimburse the development costs Sandoz picked up over the years.
I’m pretty sure the (redacted) provision of the NVS-MNTA agreement pertaining to reimbursement of NVS’ development costs is in the SEC filing I cited, but it’s now moot insofar as the disclosure in #msg-52868377 tells us everything we need to know.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”