TEVA/MNTA—You still have one more day before you're off the hook DD! :)
I’m not especially worried insofar as I highly doubt that Teva has even submitted its response to the FDA’s deficiency letter.
The more pertinent question, IMO, is whether Teva intends to submit a response at all.
Now that Teva can no longer get any mileage out of hyping its Lovenox program to the investment community (thanks to NVS/MNTA’s lawsuit), Teva might reason that there is more downside than upside in responding to the FDA and thereby exposing Teva to additional avenues of legal discovery in the patent-infringement case.
As PGS noted a while ago… enox-o-what?
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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