Biotech Values

[DFRAI]

OT - Zipjet and Dew

The following table summarizes the primary components of our research and development expenditures for our principal commercial and development programs for the six months ended June 30, 2010 and 2009, and shows the total external costs incurred by us for each of our major commercial and development projects. The table excludes costs incurred by our collaboration partner on such major commercial and development projects. We do not maintain or evaluate, and therefore do not allocate, internal research and development costs on a project-by-project basis. Consequently, we do not analyze internal research and development costs by project in managing our research and development activities.


Research and Development Expense (in thousands)


Commercial and Development Programs (Status)



Project Inception to June 30, 2010

45,251

It seems that Lovenox costs amount to 45,251 as per 10Q filed - could this be correct?

This number would imply at minimum a 75 million annualized sales to MNTA or aprox 1.5 dollars in earnings times 10 pe = 15 share price attributable to Lovenox - what do you think