Biotech Values

[pollyvonwog]

I'd have to believe that there are a lot of insiders somewhere along the way that know whats going on with both copax and enox and the stock price probably reflects their opinion.

I disagree completely and there are numerous examples in MNTAs past to support that. Most recently was when the PI was lifted to begin with,the stock was trading in the 19s so clearly the "insiders" didn't think it would be overturned. I had access to numerous buy side analyst reports that believed MNTA would be in the hybrid mode for the foreseeable future.

I think the current stock price reflects the idea that MNTA is now a cash burning company to the tune of $80m a year with no foreseeable income until 2015. A reversal from the courts could quite a rare occurrence and the market is not expecting that at all. I give the odds greater than 50% just from the sheer lunacy of the opinion written by Moore and the overall implications if it stands.