Replies to post #31828 on Biotech Values

[Praveen]

MNTA/Biowatch

"I think the two companies should be a good fit"

I second that. I will try to catch the CC later.

" Where is Sandoz based? "

You r asking me :-) I haven't been out of Michigan :-(

Googling gave me the following :-)Have to guess one?

Broomfield
Sandoz Inc., Broomfield Manufact.
2555 West Midway Boulevard
Broomfield, CO 80020
Phone: [phone]
Fax: [phone]


Dayton
Sandoz Inc., Dayton Site
2400 Route 130 North
Dayton, NJ 08810-1519
Phone: [phone]
Fax: [phone]


Lake Success
Eon Labs, Inc.
1999 Marcus Avenue
Lake Success, NY 11042
Phone: [phone]
Fax: [phone]


Laurelton
Eon Labs, Inc., Laurelton Site
227-15 N. Conduit Avenue
Laurelton, NY 11413
Phone: [phone]
Fax: [phone]


Princeton
Sandoz Inc.
506 Carnegie Center, Suite 400
Princeton, NJ 08540
Phone: [phone]
Fax: [phone]


Wilmington
Lek Pharmaceuticals, Inc.
115 North Third Street
Suite 301
Wilmington, NC 28401
Phone: [phone]
Fax: [phone]


Wilson
Sandoz Inc., Wilson Site
4700 Sandoz Drive
Wilson, NC 27893
Phone: [phone]
Fax: [phone]

[DewDiligence]

Sandoz’s worldwide headquarters are in Holzkirchen, Germany.

[DewDiligence]

>It demonstrates that MNTA can sell its approach to big pharma.<

Two points:

1. The deal does not have an up-front signing fee per se—the initial $75M is all in the form of an equity sale.

2. MNTA now has essentially all of its future tied up with a single company (NVS). I think it would have been more bullish if MNTA had inked a major deal with a different partner.

--
MNTA’s valuation is not that cheap. Those who got out near today’s high (20.98) probably made a wise move, IMHO.