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

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To: Biomaven who wrote (2725)1/25/2011 5:31:21 PM
From: IRWIN JAMES FRANKEL  Read Replies (2) of 3027
 
>>Turning to a valuation issue - if you were to assume Teva gets approval say 4 months from now (which is likely best case for them), about how much cash per share would MNTA have at that point?

I left my model at home (on vaca in naples FL) so this is from memory.

Cash EOY $230M (including offering and AR due 45d from EOY)

Cash accrual $75M (5 months at $15M)

TotaL Cash $305

~50M shares so ~$6ps

ij
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