Quantification of #msg-75394204 re Copaxone: According to today’s CC (near the end of the Q&A), Teva’s modified agreements with US wholesalers cost Teva $120M in 1Q12 Copaxone sales. This $120M figure almost exactly coincides to the difference between the reported 1Q12 sales of $617M and my $740M estimate of 4Q11 sales (#msg-72138967).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”