Remember it is only preliminary injunction nothing is final yet, Any way the market for this drug is declining In the 2nd Q all of these company reported negative growth. One company reported the third quarter with sales even lower than the measly second Q. Let us see when MNTA reports on November 7. Their guidance will be a big question mark. The street estimate for the 4th Q is big drop in profit and sales. I don't know what is going on but that is the case, I took profit after hours because I expect this stock will tradw in the teen in 2012.
>>The ONLY problem I am seeing here is that PI is NOT granted YET!!!!!!!!!!!!!!!!!!!!!!
10/28/2011 92 Judge Nathaniel M. Gorton: ORDER entered. MEMORANDUM AND ORDER: "In accordance with the foregoing, plaintiffs motion for preliminary injunction (Docket No. 18 is ALLOWED, and defendants are enjoined according to the terms of the Preliminary Injunction filed concurrently with this Order."(Moore, Kellyann) (Entered: 10/28/2011)
10/28/2011 93 Judge Nathaniel M. Gorton: ORDER entered. PRELIMINARY INJUNCTION. (Moore, Kellyann) (Entered: 10/28/2011)
Anything that weakens MNTA makes life easier for them. The other pharmas hate MNTA because they bypass the old methods and can create a generic overnight. Well... in about 8 years. And then they try to steal your idea.