On its 3Q10 CC, NVS guided investors to expect 4Q10 Lovenox sales to be somewhat below 3Q10 sales. This makes sense insofar as channel stocking caused the effective duration of 3Q10 to be longer than an actual calendar quarter—my guess is 97 days (#msg-55778832).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”