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EyeamBill

09/16/10 12:14 PM

#104393 RE: wallstarb #104392

MNTA: Discounting Immediate Competition

My question is essentially what would the multiple look like in the absence of looming competition, whether or not that's realistic, with a favorable M-Copaxone outcome, et al?

Since MNTA is the first FoB, or biogeneric, there is no precedent. What is the multiple historically for a generic company with its first high-margin FDA approval?

For that matter, what is the P/E biotech norm for companies like MNTA if we exclude the 7/23 FDA approval of enoxaparin (i.e., a company with both generic and novel drugs in the pipeline)?
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pollyvonwog

09/16/10 12:17 PM

#104394 RE: wallstarb #104392

What basis do you think the competition is "likely" to come? Sanford Bernstin? Teva? Exactly.