Biotech Values

[DewDiligence]

There are shades of gray based on how conservatively management wants to manage the balance sheet. I direct you to Craig Wheeler’s admonition on the 3Q10 CC (#msg-56166824):

“Before I turn it over to Rick Shea to provide a financial update, I want to mention that despite the fact that we have a launch product generating substantial cash flow, we still intend to manage our finances conservatively… At Momenta, we have every intention to build on our track record of achievement while maintaining financial discipline.”