That NVS’ Lovenox operating margin (for purposes of calculating the Lovenox profit share) was as high as 68.5% bodes well for MNTA’s earnings in future quarters; the operating margin will presumably stay at this level or increase slightly as the fixed costs of production are spread over more volume.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”