Biotech Values

[DewDiligence]

One side or the other is completely incompetent.

Nope. Both parties’ lawyers said what one would expect under this scenario: MNTA lowballing and Amphastar exaggerating the prep time to get ready for trial.

The only incompetence, IMO, was that Amphastar overplayed its cards to some degree. Amphastar would have done better to exaggerate a little (by saying 3-4 months or perhaps even 6 months) rather than exaggerating a lot by saying one year, which simply isn’t credible.