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MOMENTA PHARMACEUTICALS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2020 10-Q, filed Aug 10, 2020. Its latest SEC filing is a SC 13G/A from Nov 10, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Develops biologic drug candidates for people with rare immune-mediated diseases and has generic medicines and a biosimilar candidate for other conditions.

How Did They Make Money?

Pharmaceutical partners may pay upfront for a license and for research work; later payments can depend on development goals or sales of licensed products, including royalties or profit shares.

revenue

Who Were Their Customers?

Sandoz markets GLATOPA; Mylan would market the EYLEA biosimilar if approved, and CSL is responsible for marketing its licensed M230 product.

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q2 FY2020, the three months to Jun 30, 2020
Revenue
▲ +28%
vs $5.2M in Q2 FY2019
  • Oct 1, 2020 Johnson & Johnson completed its acquisition of Momenta Momenta became a wholly owned subsidiary, and its shares were delisted from Nasdaq.
  • Aug 19, 2020 Momenta agreed to be acquired by Johnson & Johnson The all-cash agreement valued Momenta at $6.5 billion.

Shrank. Revenue fell 73% in 4 years, from $89.7M in to $23.9M in , about 28% a year.

Strategic focus The older report described work across complex generics, biosimilars and novel therapeutics; the latest centers on biologic candidates for rare immune-mediated diseases, while retaining selected commercial generics and a biosimilar program.

Who Did They Compete With?

Competes with UCB, Argenx, Alexion, Immunovant, Ra Pharmaceuticals, Rigel Pharmaceuticals, Octapharma, Shire, CSL Behring, Grifols, Principia, Protalex, Pfizer, Coherus, Formycon, Alteogen, Insight Biopharmaceuticals, Lupin, Teva, and Mylan

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