Replies to post #197207 on Biotech Values

[DewDiligence]

(MNTA)—TEVA excerpt re FoBs from 11/18/25 Jefferies webcast (time point 32:15)…

Q: (Dave Steinberg, Jefferies analyst): Does Teva have designs on being a major player in biosimilars?… You didn’t get the AMGN partnership from AGN [i.e. AGN is retaining the AMGN FoB partnership (originally formed with Watson) rather than including it in the generic-drug business being sold to TEVA]. So how do you catch up?

A: (Eyal Desheh, CFO): Inorganically [i.e. via one or more acquisitions].

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MNTA has told investors it expects to ink a broad* FoB partnership deal imminently. Is it crazy to imagine that archenemies TEVA and MNTA could become partners?

*MNTA’s FoB partnership with BXLT remains active with a single program for Humira.

[DewDiligence]

MNTA 2015-2017 News Flow

[Updates re Humira FoB and Necuparanib programs.]


Glatopa & 40mg-Copaxone programs

• 2-May-2016: USPTO inter partes review of Teva’s three Orange Book patents on the 40mg formulation of Copaxone. (Approximately 80% of patents where the USPTO grants an IPR are ultimately invalidated; if Teva’s 40mg Copaxone patents are invalidated, MNTA could launch a generic version of 40mg Copaxone, with FDA approval, as soon as Jan 2017, when Teva’s Hatch-Waxman exclusivity on the 40mg formulation expires.)

• 26-Sep-2016: US patent trial on Teva’s 40mg Copaxone patents. (This trial may be mooted if the May 2016 IPR [above] invalidates Teva’s patents.)


Lovenox program

• 2016: US District Court trial of NVS/MNTA vs AMPH/AGN on infringement of MNTA’s Lovenox patents, which could result in substantial damages payable to NVS/MNTA. (The Appellate Court remanded the case to the District Court on 11/10/15, finding that AMPH/AGN are not protected by the Hatch-Waxman Safe Harbor: #msg-118404904, #msg-115468100.)


FoB program

• Before end 2015: Partnership deal for MNTA’s FoB compounds other than Humira. (MNTA’s Humira FoB is already partnered with BXLT.)

• Jan 2016: USPTO inter partes review against BMY on US Orencia patent.

• 2H16: Orencia FoB starts phase-1.

• 2017: Completion of phase-3 trial of Humira FoB in psoriasis. (Trial started on 10/5/15.) 351(k) submission to FDA in 2017 with projected US launch in 2018 (subject to patent litigation—see #msg-118781959).

• Timing unknown: New pipeline disclosures re M597, M615, M282, M706, M730, or M740. (See slide #53 at link in #msg-107107809.)


Necuparanib program

• 2H17: Report data from phase-2 trial in pancreatic cancer. (The trial resumed enrolling patients on 12/21/15: #msg-119316006.) Trial listing at: http://www.clinicaltrials.gov/ct2/show/NCT01621243


Sialylated IVIG program

• Late 2016: Start phase-1 trials for first two of three sialylated-IVIG candidates (of which two are recombinant and one is plasma-derived). The third candidate will start phase-1 in 2017.