Biotech Values

[jbog]

Dew,

Wheeler mentioned that Momenta is due an immediate $5 million milestone for M-Enox. He also stated that he would not announce any other possible milestones until they happen.

I have not included any milestones that would pertain to Momenta.


By my rough calculations, I'm guessing that M-Enox sales are running on a $350 mil yearly rate. I'll take the $350m X .7 and end up with a gross profit of $245 million.

Momenta's share of that would be $110 million (less the $27m repayment figure).

In the end I end up with the $110 million - $60 million (mnta's expenses) which gives me a net profit for momenta of $45 million.

That's around $1 per share, which at a 15:1 pe looks about right.

Keep in mind that this is a very volatile situation and it could break free any day.