REGN—Well the post posited that Roche purchasing this company would be a major negative for REGN. To my mind that would only be the case if Roche managed somehow to prevent the use of the new drug with Eylea.
Roche’s purchasing Ophthotech would indeed be a negative for REGN, IMO, but not for the reason you posit (prevention of Fovista use with Eylea, which can’t be accomplished).
Rather, Roche’s purchase of Ophthotech would likely boost Lucentis’ market share at the expense of Eylea by enabling Roche’s ophthalmology salesforce to detail Lucentis and Fovista at the same time.
Note that Roche sells Lucentis only in the US market; in all other countries, NVS has the commercial rights, but the argument presented above remains the same.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.