Momenta Pharma (MNTA) March option implied volatility at 138 into Update
Momenta Pharma (Nasdaq: MNTA) : MNTA is expected to provide an update on M-Enoxaparin ANDA, a generic form of SNY's Lovenox, ($1.5 billion in sales in 2005) a treatment to fight leg blood clots in early 2007. MNTA March option implied volatility of 138 is above its 6-month average of 90 according to Track Data, suggesting larger price risks. Paul Foster
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