Momenta Pharmaceuticals, Inc. (MNTA)

[Rocky3]

So the $5 million net loss we recorded this quarter could possibly increase to the $10 million to $50 million range per quarter.

That was a terrible mistake on the transcript. The quote was $10-$15MM. So the $25MM quarterly loss is much too high (at least this year). But you are right that people are baking in a big cash drain (~$1.00/sh) for the future - or at least until the A/Wat litigation goes to trial and decision. But then many of us were already doing that.