Momenta Pharmaceuticals Inc
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Health Care : Biotechnology | Small Cap BlendCompany profile

Momenta Pharmaceuticals, Inc. is a biotechnology company. The Company is focused on developing generic versions of drugs, biosimilars and therapeutics for oncology and autoimmune disease. The Company has developed generic version of LOVENOX (enoxaparin sodium injection) and COPAXONE (glatiramer acetate injection). GLATOPA 20 milligrams (mg)/ milliliters (mL) is a generic version of once-daily COPAXONE 20 mg/mL indicated for the treatment of patients with relapsing forms of multiple sclerosis, a chronic disease of the central nervous system characterized by inflammation and neurodegeneration. COPAXONE is available in both a once-daily 20 mg/mL formulation and a three-times-weekly 40 mg/mL formulation. The Company's Enoxaparin Sodium Injection is a generic version of LOVENOX indicated for the prevention and treatment of deep vein thrombosis and to support the treatment of acute coronary syndromes. The Company's programs include M254, M281 (Anti-FcRn candidate) and M230.

Price
Delayed
$14.59
Day's Change
0.22 (1.53%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.68
Day's Low
14.14
Volume
(Light)

Today's volume of 103,287 shares is on pace to be much lighter than MNTA's 10-day average volume of 320,501 shares.

103,287

UPDATE: GE to freeze pensions for about 20,000 employees, stock surges

8:06 am ET October 7, 2019 (MarketWatch)
Print

Shares of General Electric Co. (GE) surged 2.6% in premarket trading Monday, after the industrial conglomerate said it was freezing the U.S. pension plan for about 20,000 employees with salaried benefits, and supplementary pension benefits for 700 employees. GE said there would be no change for retirees already collecting pension benefits; the pension plan has been closed to new entrants since 2012. The company said it will offer a limited-time lump-sum payment option to about 100,000 former employees who have not yet started their monthly pension plan payments. GE said it is pre-funding approximately $4 billion to $5 billion of minimum ERISA [Employee Retirement Income Security Act] funding requirements for 2021 and 2022. GE said the pension moves was part of its plan that is expected to reduce its pension deficit by $5 billion to $8 billion and net debt by $4 billion to $6 billion. GE's stock has tumbled 32.4% over the past 12 months, while the Dow Jones Industrial Average has gained 0.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 07, 2019 08:06 ET (12:06 GMT)

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