Biotech Values

[DewDiligence]

[Wheeler’s] 10b_5 plan sale of 2019 shares last week does not make sense to me. That was a nickel and dime move, or it was something else.

I think you’re onto something! The number of shares sold by Wheeler’s 10b5-1 plan could be a secret code to reveal the latest IMS numbers for Lovenox. You take the rightmost digit (9), square it, divide by the leftmost digit (2) and subtract the sum of the two middle digits (1) to get Sandoz’s market share. Do the arithmetic and it comes to 39.5%.