Here's Why Momenta Pharmaceuticals Tumbled 13.5% on Friday [The Motley Fool]
MOMENTA PHARMACEUTICALS (MNTA)
Last momenta pharmaceuticals earnings: 2/26 07:00 am
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US:NASDAQ Investor Relations:
ir.momentapharma.com/investor-relations
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Source: The Motley Fool
The company's plan to restructure itself isn't sparking investor optimism. Todd Campbell ( TMFEBCapital ) Oct 12, 2018 at 11:00PM What happened After presenting its plan earlier this month to restructure itself to conserve cash and updating investors on its pipeline projects this week, Momenta Pharmaceuticals ( NASDAQ:MNTA ) shares dropped 11.3% on Thursday and 13.5% on Friday. So what Momenta's forward progress has been hampered by lackluster demand for its first biosimilar, a drug that works similarly to, but is an inexact copy of, Teva Pharmaceutical' s multibillion-dollar blockbuster Copaxone. Momenta co-commercializes the drug, Glatopa, with Novartis . IMAGE SOURCE: GETTY IMAGES. Demand for Glatopa has been hampered by aggressive price cuts by Teva Pharmaceutical and the launch of Mylan 's long-lasting Copaxone biosimila
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