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Momenta Pharmaceuticals Inc. Message Board

  • akourray akourray Oct 29, 2011 1:25 AM Flag

    WHat A preliminary injunction means?

    This case in NOT won yet. Read below to understand.



    A preliminary injunction, in equity, is an injunction entered by a court prior to a final determination of the merits of a legal case, in order to restrain a party from going forward with a course of conduct or compelling a party to continue with a course of conduct until the case has been decided. If the case is decided against the party that has been enjoined, then the injunction will usually be made permanent. If the case is decided in favor of the party that has been enjoined, the injunction will usually be dissolved or dismissed.
    In most courts in the United States, the party seeking the preliminary injunction must demonstrate all four things together:
    That there is a substantial likelihood of success on the merits of the case,
    That they face a substantial threat of irreparable damage or injury if the injunction is not granted,
    That the balance of harms weighs in favor of the party seeking the preliminary injunction
    That the grant of an injunction would serve the public interest.
    The "balance of harms" refers to the threatened injury to the party seeking the preliminary injunction as compared to the harm that the other party may suffer from the injunction.
    The United States Supreme Court revisited the requirements for obtaining a preliminary injunction in Winter v. NRDC, Inc., 555 U.S. 7 (2008).[1] The Court changed one requirement just slightly:
    "A plaintiff seeking a preliminary injunction must establish that he is likely to succeed on the merits, that he is likely to suffer irreparable harm in the absence of preliminary relief, that the balance of equities tips in his favor, and that an injunction is in the public interest."

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    • Yes it is a preliminary injunction. In this case, the injunction will probably be in force until the case is tried and decided. That is likely a year off.

      During that year MNTA will keep earning a lot of money. Further, they may get damages against WPI for the profits they lose because of the AG launch.

      I think MNTA should move up - perhaps even to the 20's.

      • 1 Reply to zip_jet
      • Doesn't your comment about MNTA earning a lot of money during the time until a decision is rendered on a permanent injunction presuppose that the Sanofi Authorized generic is not on the market and that MNTA continues to get 45% from Sandoz. Hasn't the royalty clause already kicked in?

        I can come up with a scenario where the settlement terms with Amphstar may now be ratcheted up. This might work out quite well in the long term for MNTA and help remove some of the concerns about the royalty cliff. The threat of this might help them negotiate a revised royalty agreement with Sandoz.

        Will be interesting to see it play out.FL

    • "A plaintiff seeking a preliminary injunction must establish that he is LIKELY TO SUCCEED ON THE MERITS, that he is likely to suffer irreparable harm in the absence of preliminary relief, that the balance of equities tips in his favor, and that an injunction is in the public interest."
      Make no mistake. Getting this PI is very good news and not easy to get. Amphastar said in court that they will not be ready to try this case for one year. It keeps other cheaters from using MNTA's patented technique and guarantees a reduced but steady income stream. Amphastar will not quit easily because even a small share of this 1Billion market is worth a fight.

 
MNTA
11.72-0.25(-2.09%)Dec 19 4:00 PMEST

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