Biotech Values

[exwannabe]

MNTA: Re:

In zero sum games the weaker gets the short end. That would be MNTA.

It's clearly not zero sum.

The expected value is zero sum, but both sides have a risk profile that differs.

In this case, it is possible that MNTA would accept an EV reduction in return for de-risking, while NVS gains some EV at far less risk.