Momenta Pharmaceuticals, Inc. (MNTA)

[Rocky3]

Quote:
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My fear is that SNY made the calculation that they would do much better with an AG in the market than they were doing without it, and would have come into the market aggressively anyway
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Why didn't they do so earlier? I think that is a powerful statement of their intent. Might their intent have changed? Possibly - but I'd say it is far from a certainty. My WAG is that mL keeps greater than 40% market share.

(1) We reallly have no idea why they didn't do it earlier. Maybe because they were happy with the then-split. Maybe because they thought that they would do better over time than they did. Maybe because they had some internal issue with staffing or something that drove their decision. We don't know. It is possible that it will be determined in discovery.

(2) Your numbers on earnings were very close to mine - ~$2.00/sh to ~.30 depending how much is lost to the AG. Since (IMO) most of the value of the company is in mC, it is a very nice base and an validation of its IP, but will not determine the "real" price of the stock until mC is approved.