Here's Why Momenta Pharmaceuticals Fell for a Second Straight Day [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
Volatility strikes the biotech. Brian Orelli ( TMFBiologyFool ) Dec 11, 2018 at 5:06PM What happened After jumping 18% on Friday following its successful raise of $200 million, Momenta Pharmaceuticals ( NASDAQ:MNTA ) proceeded to fall 9.5% yesterday and 10.4% today, giving up all of its gains and then some. Welcome to volatile biotech investing in a company with clinical data that's largely years away. So what Momenta's lead novel asset, M281, isn't scheduled to read out phase 2 data until 2020 and 2021 for the two immunological diseases that Momenta is targeting. A proof-of-concept study for an autoimmune disease drug, M254, is scheduled to start later this year or early in 2019, putting a readout in 2020. Investors might get to see clinical data in 2019 from a phase 1 study for M230, which is partnered with CSL , but that's very e
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