Shares of Momenta Pharmaceuticals MNTA rose 1% after the company reported Q2 results.
Quarterly Results
Earnings per share increased 58.62% year over year to ($0.48), which missed the estimate of ($0.39).
Revenue of $6,610,000 higher by 27.56% year over year, which beat the estimate of $5,560,000.
Outlook
Momenta Pharmaceuticals hasn't issued any earnings guidance for the time being.
Momenta Pharmaceuticals hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Aug 10, 2020
Time: 08:30 AM
Price Action
Company's 52-week high was at $39.88
52-week low: $11.29
Price action over last quarter: Up 0.70%
Company Profile
Momenta is a biotechnology company focused on the characterization and development of innovative drugs in autoimmune diseases. Its legacy business includes complex generic versions of MS drug Copaxone and anticoagulant Lovenox, and it receives royalties for these products through a partnership with Novartis. While a biosimilar version of Eylea is in the pipeline, Momenta terminated future development in generics/biosimilars in 2018. Several innovative drugs, including nipocalimab, M254, and M230, are in development to treat rare autoimmune diseases.
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