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DewDiligence

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DewDiligence

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Re: DewDiligence post# 123659

Thursday, 08/04/2011 3:09:54 PM

Thursday, August 04, 2011 3:09:54 PM

Post# of 252864
MNTA’s 2Q11 cash operating expenses* of $16.6M fell right in the middle of the $15-18M quarterly range that MNTA had previously guided to (#msg-65391960). Some iHub posters had expected MNTA’s operating costs to rise sharply, but this hasn’t happened so far.

*Net of R&D revenue, which is a dollar-for-dollar reimbursement by NVS for MNTA’s R&D pursuant to the NVS-MNTA collaborations.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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