% | $
Quotes you view appear here for quick access.

Momenta Pharmaceuticals Inc. Message Board

  • ding_king2000 ding_king2000 Apr 11, 2013 11:11 AM Flag

    Momenta and the court cases:

    Now another company has entered the picture, which shifts the agreement to a much less favorable royalty structure for Momenta. This has taken Momenta from making a consistent quarterly profit, to being deep in the red. In the most recent quarter, Momenta reported a loss of $17.7 million. In response Momenta filed a patent infringement lawsuit against Watson Pharmaceuticals. Most recently, Momenta lost in a federal appeals court when it argued that Watson should be barred from selling the generic version until the conclusion of the patent infringement trial. However, the court found that by a 2-1 margin, that Momenta was "not likely" to win in regards to its patent infringement claim. Momenta also recently lost an en blanc decision, when it asked for the full panel of the appeals court to review the 2-1 decision, as the court declined. The CEO of Momenta strongly implied at that time that Momenta would seek an appeal before the US Supreme Court. For those of you who might be unfamiliar with the legal system, the US Supreme Court can choose which cases to take, and it is highly unlikely for the court to take this case.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
11.41-0.12(-1.04%)Oct 27 4:00 PMEDT