Biotech Values

[DewDiligence]

what will Momenta do with that $400 million in cash at the end of the year. Any chance of a partial share buyback?

No chance whatsoever of a share buyback, IMO. With its growing cash hoard, MNTA will do one of the following:

• Step up R&D on FoB programs.

• Embark on another branded-drug program.

• Build (or acquire) manufacturing facilities.

• Put the money in fixed-income securities until they come up with a better idea.

Or some combination of the above items.