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Biotech / Medical : Momenta Pharmaceuticals Inc.
MNTA 52.480.0%Oct 2 5:00 PM EST

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To: idos who wrote (2478)9/7/2010 3:30:55 PM
From: tuck1 Recommendation  Read Replies (2) of 3027
 
I have to agree with Dew here: the FDA must have had some way around this in mind to accept an ANDA, as this in vivo/in vitro assay issue was known before the FDA accepted it. Anyhow, so the motion for summary judgement is denied, meaning the case will probably go to trial. Our friend the Bernstein analyst figures this means 2012 at earliest for a generic Copaxone to get through, and that seems reasonable. Probably the reason Momenta rebounded today, though, was the same analyst's assertion that the Copaxone patents are vulnerable on the prior art/obviousness issue, i.e. that they are too much based on the expired 350 patent. This guy Ronny Gal seems to be the axe in the name for now.

I managed to pick up some cheap options due to a lowball limit order I had in, and now have a nearly full position again.

Feel free to partner something now, Momenta.

Cheers, Tuck
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