Biotech Values

[DewDiligence]

I have good news for MNTA regarding Lovenox scripts:

Below are the IMS total scripts (TRx) and new scripts (NRx) filled with branded Lovenox for the weeks ending Jun 18 (before the generic launch), Aug 6 (two weeks into the generic launch), and Aug 20 (four weeks into the generic launch):

 
 Total and New Scripts for Branded Lovenox  
  
  Week              TRx              NRx  
 Ending    TRx     Change    NRx    Change 
 Jun 18   56,000    n/a     38,000   n/a 
 Aug 06   43,000  -13,000   29,000  -9,000 
 Aug 20   36,000   -7,000   25,000  -4,000 

Discussion: Although there could be some seasonality in the Lovenox business that would make August a little slower than June, the numbers above show clear erosion of branded Lovenox beyond what could conceivably be caused by seasonality. The only plausible explanation for such erosion is that generic Lovenox is taking share from the branded product and is doing so at an impressive clip.