Jbog, why deflect to a comment about Dew and "20% COGS"? facts speak for themselves.... MNTA paid back all development expenses, had they not paid development expenses this quarter they would have generated $1.46 in earning per share.
Annualized = $5.85 bucks per share. (The high analyst estimate for 2011 EPS is $3.75 and the average EPS for 2011 is $1.39). The COGS are irrelevant at this point, we have a rough idea of the EPS for 2011 and the only material question (wrt to the PPS), is whether TEVA will obtain approval within the next year or two.