On February 8th, Muddy Waters released a report in which we stated that INGN has created an egregiously false narrative about its growth prospects, particularly with respect to the size of the U.S. total addressable market (“TAM”) for oxygen therapy. INGN was in the quiet period, and thus did not respond.
We present six key questions that management needs to address on its upcoming call, rather than hiding behind the reliably pliable sell side.
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