Fermion
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My pick of Vanda got stomped yesterday. A judge ruled against them on a lawsuit they had against generic manufacturer TEVA for one of their two main drugs.
I read through the ruling and don't really understand why they lost. The judge made comments like "i discounted the testimony of Dr. Mihael Polymeropoulus because he has a financial interest in the outcome" I mean...duh?
Anyway, I am hanging on. I am not selling here since they are trading at $420m and have $454m in cash, no debt and a priority review voucher probably worth at least $100m. Maybe they win on appeal or get one of the other 3 or 4 trials they have running approved.
Still...ouch.
I read through the ruling and don't really understand why they lost. The judge made comments like "i discounted the testimony of Dr. Mihael Polymeropoulus because he has a financial interest in the outcome" I mean...duh?
Anyway, I am hanging on. I am not selling here since they are trading at $420m and have $454m in cash, no debt and a priority review voucher probably worth at least $100m. Maybe they win on appeal or get one of the other 3 or 4 trials they have running approved.
Still...ouch.