Biotech Values

[tinkershaw]

Fear? MNTA management obviously has been and always will respect its competitors abilities

The manner that I used the term "fear" to express that MNTA legitimately has reason to believe that Teva may have stolen their IP and therefore may very well obtain approval. Whether you want to use the term "concern" instead, it is one and the same. There is legitimate concern that TEVA in some matter shape or form is doing something to make a tlovenox approval a credible threat. MNTA needed to act accordingly.

It is semantics, and the need to remove the risk indicates that there was legitimate concern (fear) about the risk, and steps had to be taken to mitigate that risk. I don't put on a helmet when I drive a car to mitigate my risk of head injury, as I am just not that concerned about it. But I do put on a helmet while doing any serious cycling as I am concerned enough about potential head trauma. You don't mitigate risk unless you think the risk is of sufficient credibility and magnitude.

MNTA mitigated the risk, prudent, but they mitigated the risk only because they considered it sufficiently credible that they needed to take mitigating steps.

I think Teva's stealing of MNTA's IP is a credible threat. It is what big and aggressive competitors do to smaller innovator companies who threaten them. Happens all the time. MNTA therefore, out of concern, fear, whatever, that this is a legitimate risk, took steps to mitigate the risk.

They filed the lawsuit, and they raised money.

Tinker