Biotech Values

[Mpower]

MNTA is not unique in having "bearish" rumors surround it. In fact, the rumors are not even being aggressively disseminated. One analyst (Bernstein) said TEVA is likely to receive mL approval by the end of the year. The other half-dozen analysts said they don't see TEVA getting approval in the forseeable future. Doesn't seem so bearish to me.

Something else is going on here. Companies like Sequenom have a market cap approaching 500 million $'s, they have no meaningful products, revenue or near-term approvals. In fact, the only have controversy.

IMHO, MNTA trading below its pre-approval levels is bordering on the insane, the cynical side in me considers "conspiracy theories", the practical side buys more when i can muster up the dry powder.