Biotech Values

[drbio45]

I was speaking with a fund manager at the ubs conference.

He said he is close to Teva and if Teva was told that their approval would be coming soon that is what he expected to happen

This shows how naive some people that run money are. The FDA doesn't tell you when an approval is coming when you have a pdufa date, there is much less chance of that when you have an anda

I was speaking with a person from Momenta that said for the last two years Momenta employees were carrying around conference call speaches and other data because the approval could have come at anytime and without warning and they didn't want to be unprepared if it happened when they were on the road.

Teva has put the lid on the Momneta stock price with their statements after the approval. It has now been two months. Every week that goes by should start removing some of the confidence in the Teva statements, and that should be reflected over time in the MNTA stock price.

As discussed previously, in the FDA response to Sanafi's citizens petition the fda outline several steps that momenta was able to show the fda to convince the fda to approve the drug and each of these steps was a neccessary component. The odds that Teva had the technical knowlege to do each of these steps when they designed their drug is unlikely.