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Biotech / Medical : biotech firesales -- Ignore unavailable to you. Want to Upgrade?


To: tuck who wrote (2681)7/27/2010 2:50:10 PM
From: DewDiligence_on_SI  Read Replies (1) | Respond to of 3661
 
>Momenta (MNTA) off 15% now. Not sure if it's the lawsuit filed by Sanofi -- which failed to get a TRO, and doesn't stand a snowball's chance in hell of succeeding -- or if some remark made today by Teva management actually got investors believing there is a risk that Teva's version of generic enoxaprin would be approved soon.<

The former, IMO. Investors who didn’t tune into MNTA’s CC probably didn’t know the lawsuit was coming.



To: tuck who wrote (2681)7/27/2010 8:58:48 PM
From: rkrw  Read Replies (1) | Respond to of 3661
 
I think it was actually the lawsuit. The stock did make an incredible run over just 2 days. So it's not surprising a little fear mongering took 15% off.