Momenta Pharmaceuticals, Inc. (MNTA)

[biopearl]

Dew, I know MNTA is one of your largest holdings. Are you comfortable sharing with the board how this most recent court decision affects your view of things going forward and what your plans are regarding a potential shift in your portfolio? Clearly the stock will take a huge hit tomorrow as all short to mid term drivers of price seem to be disappearing. Fortunately the Bax partnership appears solid and will be a long term driver, Is anyone planning to sell in the hopes of buying back in at a later time once the dust settles? This decision is a pretty big blow to our hopes for a generic copaxone in the near future. Until the court documents can be read I suppose it is impossible to see if an appeal has a prayer of a chance of success, either way we get back in the queue and wait some more. I am considering selling and am looking for arguments for or against from fellow board members. Thanks bp