Biotech Values

[zipjet]

I would like to see how Momenta would issue A/W rights to a patent that it already assigned exclusive rights to someone else. I'm sure Sandoz would have something to say about any settlement that would only benefit Momenta.

Right again.

I expect that MNTA cannot license the patents to anyone without Sandoz joining in the agreement. That however would not prevent the court deciding to force a royalty agreement on the parties.

I also expect that the royalties will be divided under provisions of the contract with Sandoz. I have asked if we know those terms and not gotten an answer. Best guess is that the royalties get divided just like profits. IF they are NOT divided then I would think Sandoz gets all of the royalties.

ij