Morgan Stanley Makes Positive Commnents on Momenta Pharmaceuticals (MNTA)
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Price: $52.48 --0%
Rating Summary:
8 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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CONTRIBUTOR http://notablecalls.blogspot.com
Morgan Stanley is positive on Momenta Pharma (NASDAQ: MNTA) saying that after attending the ongoing '618 patent litigation, they believe there is a high likelihood that the original ruling on inequitable conduct will be upheld, which will be a positive for Momenta. They found Dr. Uzan's testimony to be flawed and inconsistent, which they believe could impair his credibility and convince the Judge on intent to deceive. Firm expects a decision on this case sometime in the next 1-2 months.
The ongoing litigation increases firm's confidence in the favorable risk reward ratio for playing the Lovenox trial. Their analyses indicates a positive outcome from the trial could result in up to 50% upside (as the first major hurdle for generic Lovenox will be removed) whereas downside is relatively modest (10%-20%).
Reits Overweight on MNTA with a $30 tgt.
Notablecalls: Expect to see a positive reaction following the call. MNTA is a mover.
CONTRIBUTOR http://notablecalls.blogspot.com
Morgan Stanley is positive on Momenta Pharma (NASDAQ: MNTA) saying that after attending the ongoing '618 patent litigation, they believe there is a high likelihood that the original ruling on inequitable conduct will be upheld, which will be a positive for Momenta. They found Dr. Uzan's testimony to be flawed and inconsistent, which they believe could impair his credibility and convince the Judge on intent to deceive. Firm expects a decision on this case sometime in the next 1-2 months.
The ongoing litigation increases firm's confidence in the favorable risk reward ratio for playing the Lovenox trial. Their analyses indicates a positive outcome from the trial could result in up to 50% upside (as the first major hurdle for generic Lovenox will be removed) whereas downside is relatively modest (10%-20%).
Reits Overweight on MNTA with a $30 tgt.
Notablecalls: Expect to see a positive reaction following the call. MNTA is a mover.
CONTRIBUTOR http://notablecalls.blogspot.com
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