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

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To: tuck who wrote (2939)10/24/2012 6:01:53 PM
From: tuck   of 3027
 
Karst updates as rehearing petitions have been filed:

http:///

(thanks to Dew for the dig)

One aspect that has been in the back of my mind but hadn't really formed coherently was put nicely by Karst at the end: that the decision goes beyond mEnox to future endeavors in the biologics arena, since similar FDA procedures and patents are likely to be key. So this is huge, as I don't give MNTA good odds of prevailing on Copaxone in court, though I think they'll be first to be approved. In terms of changing Momenta's situation, a loss here reduces them to a later than hoped for entry with Copaxone, and an early oncology candidate. I would bail what's left of my position. I haven't yet, because I think their odds of prevailing on this are pretty good. I guess it resolves ~1H13.

Cheers, Tuck

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