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DewDiligence

05/02/15 11:15 AM

#190776 RE: Double_Bagel #190770

Re: MNTA CC notes /Glatopa pricing

The $35K Glatopa price mentioned on the CC for modeling purposes is a 25% discount to Teva’s actual realized price of $47K for US patient taking branded 20mg Copaxone for one year.

The $47K figure comes from multiplying Teva’s list price of $73K by 80% to account for rebates and then multiplying by another 80% to account for non-compliance (i.e. patients who have treatment lapses from not filling their prescriptions).
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DewDiligence

10/29/15 9:00 AM

#196550 RE: Double_Bagel #190770

(MNTA)—TEVA reports $878M of 3Q15 US Copaxone sales (+1% vs 2Q15); 40mg Copaxone comprised for 76% of overall Copaxone volume in Sep 2015, according to IMS:

http://finance.yahoo.com/news/teva-reports-third-quarter-2015-110000283.html

NVS did not disclose 3Q15 Glatopa sales. MNTA reports 3Q15 financial results on 11/4/15.