Replies to post #124587 on Biotech Values

[zipjet]

Re: MNTA royalty case:

How do you get loss of 30-35 cents? Can you show us the math behind this?

There are lots of assumptions. But here are two that I have significantly different:

- I expect a 4-way split upon tL launch with an AG launch;
- With a 4-way, expect a smaller total market due to price competition effect.

Perversely, if SNY is able to hold on to the hospital market via contracts/bundling, it could be even worse. However, that is NOT what I expect or model.

ij