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GTCB samengevat !

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quote:

romon schreef:

LEO has also agreed to pay a total of up to $73 million in success-based milestone fees as follows:
• $2 million non-refundable signing fee paid in 2005
• $3 million to complete HD approval in Europe, comprised of:
• $1 million for EMEA positive opinion
• $2 million for European Commission MAA approval following a positive opinion
• $35 million for achieving AD clinical study milestones
• $3 million for regulatory approval in certain countries within the LEO territories outside of Europe
• $30 million for achieving specified ATryn® sales milestones. We expect that to achieve the sales milestones we
will have to obtain regulatory approval and market acceptance in at least one AD indication.
met dank aan romon
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quote:

SkySpam1 schreef:

nog ff de link erbij

BRITISH patients could soon be using the world’s first medicine derived from transgenic animals after European regulators approved a drug produced by genetically modified goats.

The drug, ATryn, sets a precedent for using modified animal proteins, and despite protests from animal welfare campaigners that “Frankendrugs” are ethically unjustifiable, the technology is sure to take off.
tinyurl.com/k6ajg

ludwig mack
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van yahoo-board, met dank aan dewdiligence:

'Pharm' Goats Give Birth to New Drugs

[The Sunday Times of London muses on GTCB, Pharming, and pharming.]

www.timesonline.co.uk/article/0,,2087-2361658,00.html
ludwig mack
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uit de nrc d.d. 26 september jl, pagina 14:

Transgeen kapitaal
Vergunning Brussel voor genmiddel jaagt beurskoers van producenten op; achtergrond: Geneesmiddelen uit genetisch gemodificeerde dieren: een veelbelovende markt

Marianne Heselmans

Deze herfst komt in Europa voor het eerst een medicijn uit de melk van genetisch gemanipuleerde dieren op de markt. Een flinke impuls voor een kleine, maar groeiende bedrijfstak, zeggen analisten.

De gemanipuleerde geitjes van het Amerikaanse bedrijf GTC Therapeutics hebben het niet slecht. 1.400 geiten, telt de met hoge hekken afgesloten boerderij vlakbij Boston er nu, waarvan er 200 medicijnen produceren. In groepen van 20 tot 100 leven ze in ruime schuren met een gecontroleerd klimaat. Ze kunnen vrij uitlopen naar een buitenspeelplaats met klimrotsen. En vanuit een kliniek op het terrein houden een veearts, camera's en computers hun gezondheid dag en nacht in de gaten. "Wij weten beter hoe het onze geiten gaat dan met onze kinderen", zegt vice-president Thomas E. Newberry aan de telefoon.

GTC heeft momenteel de grootste kudde genetisch veranderde geiten in de wereld. Dat moet ook wel, want als eerste mag het bedrijf een medicijn, gezuiverd uit de melk van gemodificeerde dieren, op de Europese markt brengen. Begin augustus heeft de Europese Commissie hier toestemming voor gegeven. Het medicijn, Atryn geheten, vermindert na een operatie of bevalling het risico op bloedklontering bij patiënten met een zeldzame, erfelijke bloedziekte. Deze markt betreft zo'n 4.000 patiënten. Dat is de eerste stap. Per jaar zouden al 60 geiten volstaan. Maar de Europese partner van GTC, LEO pharma in Denemarken, ziet uiteindelijk voor Atryn wegens de antistollings- en antiontstekingseigenschappen een veel grotere markt. En GTC heeft ook nog geiten met medicijnen in de melk bedoeld voor zelfs nog grotere markten, zoals een tumorremmend antilichaam en een malariavaccin.

Volgens analisten betekent het groene licht voor Atryn een flinke impuls voor de kleine, maar groeiende bedrijfstak van 'dierlijke bioreactoren'. "Vóór deze beslissing", zei een investeerder van Amerikaanse zakenbank Cowen & Co tegen het vakblad Nature Biotechnology, "dachten de pessimisten onder ons dat regelgevers altijd wel een reden zouden vinden om eiwitten uit transgene dieren tegen te houden. Dat argument geldt nu niet meer." En inderdaad, de koers van de aandelen van GTC Therapeutics steeg na die eerste markttoelating met 20 procent, en zelfs de koers van het Nederlandse bedrijf Pharming, dat medicijnen in koeien- en konijnenmelk maakt, steeg hierdoor.

De toelating betekent echter een tegenvaller voor degenen die ethische of gevoelsmatige bezwaren hebben. In Nederland waren er begin jaren negentig heftige discussies over transgene productiedieren, met stier Herman als symbool. Een dier, stelde toen de fel actievoerende Dierenbescherming, moet niet worden gebruikt als bioreactor. Die discussie mondde uit in het zogeheten 'nee... tenzij-beleid'. Transgene dieren mogen in Nederland alleen worden gebruikt voor medicijnen, én alleen als er echt geen andere productietechnieken voorhanden zijn. Een beleid dat Pharming ertoe bracht zijn transgene koeien en kloonexperimenten naar Amerika en Nieuw Zeeland te verplaatsen.

Vijf jaar geleden leek het ook even heel slecht met de sector te gaan. Het opvoeren van de eiwitproductie gaf onvoorziene technische problemen, en de klinische studies bleken minder voorspoedig te verlopen dan gehoopt. Wat maakte dat de pioniers hun beloftes omtrent hoeveelheden en deadlines niet konden waarmaken. In 2001 stopte de Duitse chemiegigant BASF met geld investeren in het Schotse PPL Therapeutics, bekend van het eerste gekloonde schaap Dolly. PPL had toen in Nieuw Zeeland al 2.000 schapen staan voor patiënten met emfyseem en cystische fibrose; die schapen moesten worden afgemaakt. Pharming, destijds ook voortdurend op het randje van faillissement, kreeg ruzie met investeerder Genzyme en moest stoppen met zijn transgene konijnen die een medicijn maakten tegen de ziekte van Pompe. Genzyme ging dit medicijn zelf maken, maar dan in een bioreactor met hamstercellen.

Niettegenstaande de technische tegenvallers en maatschappelijke bezwaren blijkt de medicijnproductie door dieren zich nu toch door te zetten. Met, volgens GTC's vice-president Newberry, zíjn bedrijf als absolute koploper. En Pharming, dat de patentportfolio van het failliete PPL overnam, op de tweede plaats. Pharming heeft nu twee aanvragen liggen voor een markttoelating: de eerste bij de Europese Commissie, voor een medicijn tegen de erfelijke huidziekte angio-oedeem, uit de melk van een konijnenboerderij "ergens in Nederland" (zie ook: 'Wereldwijde verspreiding'). De tweede aanvraag betreft een ingrediënt voor speciale gezondheidsvoeding, afkomstig uit de melk van een kudde koeien uit Nieuw Zeeland. Het gaat om humane lactoferrine, een eiwit dat in moedermelk, tranen en speeksel zit en dat bacteriën doodt. Juist deze toepassing in (baby)voeding was in 1994 (stier Herman dus) zo omstreden in Nederland, omdat het geen medicijn betrof. Pharming ontkende destijds dat zijn humane melkeiwitten voor voeding bedoeld waren (in de Amerikaanse pers was het bedrijf altijd wel open over die toepassing). Maar twaalf jaar later staat dit doel dus gewoon op hun website. Ander product dat Pharming nu ontwikkelt zijn het humane huid- en boteiwit collageen uit koeien, voor medische implantaten of plastische chirurgie.

Opmerkelijk is de groei van bedrijven die zich richten op medische eiwitten tegen biowapens. Zo maakt het Amerikaanse bedrijf PharmAthena eiwitten uit geitenmelk, die bescherming bieden tegen zenuwgasaanvallen. Hierin wordt flink geïnvesteerd door het Amerikaanse ministerie van Defensie. Dan is er nog het Canadese Nexia dat in Ontaria zo'n zestig geiten houdt die dankzij spinnengenen spinnenwebeiwitten maken. Nexia wil dit zogeheten 'biostaal' (sterker dan staal) toepassen in bijvoorbeeld soldatenpakken of surfplanken. Wereldwijd zijn er inmiddels ook een paar bedrijven die experimenteren met humane eiwitten uit kippeneiwit. Maar de kippenboerderijen lopen nog wat achter, omdat met deze technologie later is begonnen.

Begin jaren negentig betwijfelden sommige deskundigen of dierlijke bioreactoren wel zouden kunnen concurreren met de 'gewone', manshoge stalen cilinders met gist-, bacterie- of zoogdiercellen, waaruit nu de biotechnologische medicijnen komen. Onder andere het opbouwen van een transgene kudde zou te duur en tijdrovend zijn. Maar de embryotechnologie heeft niet stilgestaan, en met name het klonen wordt gezien als een doorbraak. Hiermee kan een bedrijf van één 'geslaagd' dier binnen korte tijd tientallen identieke nakomelingen krijgen, zonder steeds opnieuw menselijke genen in het embryo te hoeven brengen. Dat spaart tijd en 'mislukte' dieren. "De geiten voor Atryn zijn nog niet gekloond", zegt Newberry. "Maar alle nieuwe kuddes bouwen we nu wel zo op."

De dieren geven inmiddels ook meer medicijn per liter melk: volgens de bedrijven zo'n 1 tot 10 gram. Eén koe zou dan zo'n 10 tot 100 kilo medisch eiwit per jaar kunnen geven (uit 10.000 liter melk).

De Dierenbescherming in Nederland is nog steeds tegen het manipuleren van dieren voor productiedoeleinden, zegt een woordvoerder. Maar actief actievoeren tegen medicijnproducerende dieren doet zij momenteel niet. "In Nederland is dit nu niet actueel." In Nieuw Zeeland voert Genetic Engineering Free
ludwig mack
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quote:

ludwig mack schreef:

van yahoo-board, met dank aan dewdiligence:

'Pharm' Goats Give Birth to New Drugs

[The Sunday Times of London muses on GTCB, Pharming, and pharming.]

www.timesonline.co.uk/article/0,,2087-2361658,00.html

en hier de tekst:

The Sunday Times September 17, 2006

'Pharm' goats give birth to new drugs
Jonathan Leake, Science Editor

BRITISH patients could soon be using the world’s first medicine derived from transgenic animals after European regulators approved a drug produced by genetically modified goats.
The pioneering drug, an anti-clotting agent for people with a rare inherited disease, is made from the milk of goats whose DNA has been modified to incorporate human genes.

The drug, ATryn, sets a precedent for using modified animal proteins, and despite protests from animal welfare campaigners that “Frankendrugs” are ethically unjustifiable, the technology is sure to take off.

Drug companies have long suspected that there is profit in turning farm animals into pharmaceutical “factories”, a process known as pharming.

In theory, pharmed animals could also be used to produce insulin for diabetics, blood-clotting factor to treat haemophiliacs and a range of other proteins.

Pharming could become integral to the drugs industry if the costs fall substantially below those for current production systems. Chickens, cows, rabbits are already undergoing trials.

However, proposals to modify pigs with human genes so their organs could be transplanted into people have largely been abandoned for fear of transmitting viruses.

ATryn was developed to treat patients with hereditary antithrombin deficiency (HAD), which makes people vulnerable to deep-vein thrombosis. Tom Newberry, a spokesman for GTC Biotherapeutics, the American company that developed the drug, said it would be available in Britain and Europe from mid-2007. “This process has the potential to revolutionise the pharmaceutical industry,” he said.

Conventional methods of creating blood proteins — such as insulin, growth hormone and antithrombin from donated blood and body tissues — are vulnerable to the risk of infection.

In one case, thousands of haemophiliacs contracted HIV when they were given clotting factors from infected donors. In the 1980s such scandals prompted the creation of a new system of “bioreactors” in which cells, usually taken from the ovaries of Chinese hamsters, were genetically modified to produce a human protein and then cultured.

This system has worked well for about two decades, but it is hard for such cells to make protein molecules, especially larger ones, with exactly the right properties. It is also expensive to produce large amounts.

GTC created the first transgenic goats 15 years ago by taking fertilised goat egg cells and injecting them with the human gene for the antithrombin protein. The gene incorporated itself into the DNA of the embryonic goats, which were then implanted in surrogate mothers.

Another biotech company, the Dutch firm Pharming, is close to bringing drugs to market. Last month it lodged an application with the European Medicines Agency, the body that approved ATryn, for a second drug derived from transgenic animals.

Its drug, Rhucin, is intended to treat hereditary angioedema, a disease characterised by the painful, and sometimes fatal, swelling of soft tissues.

Transgenic animals are a mainstay of medical research: mice and rats are already used to test the function of various genes.

Professor Steve Brown, director of the Medical Research Council’s mammalian genetics unit at Harwell, Oxfordshire, said such research was shedding light on diseases ranging from cancer to deafness in children.

“We have, for example, identified the mouse genes that cause a condition analogous to glue ear in humans,” he said. “In 10 years we will have real insight into many more conditions.”

Others are uneasy at turning animals into research tools and drug factories. Genewatch, a campaign group that tracks developments in genetic engineering, said in a report: “This represents a further step towards seeing animals purely as commodities without regard for their inherent worth as sentient beings.”

However, even the protesters might approve of research at Minos BioSystems, a British biotech company. It plans to produce drugs from insect larvae. In a business plan reminiscent of the sci-fi horror film The Fly, the company proposes creating house flies with human genes to produce human blood protein.

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om naar uit te kijken!

Merimack is giving 3 presentations tightly knit to each other -
Maybe, just maybe, MM-093 Phase-2b in RA and phase-2 in psoriasis results could come at this time:

October 18-19, 2006
Merrimack Pharmaceuticals to present at 2006 BIO Investor Forum in San Francisco.

October 29-November 2 , 2006
Merrimack Pharmaceuticals to present at American Association of Pharmaceutical Scientists Annual Meeting and Exposition in San Antonio.

November 5-8, 2006
Merrimack Pharmaceuticals to present at International Society of Pharmaceutical Engineering 2006 Annual Meeting in Orlando.

www.merrimackpharma.com/

www.merrimackpharma.com/pipeline/inde...

alsook!!!!
Conference Title Dates Venue Presentation by

C.E. Unterberg, Towbin Life Sciences Conference
October 30-31
New York
Palace Hotel,
New York Geoffrey Cox

Rodman & Renshaw 8th Annual Healthcare Conference
November 06-08
New York
Palace Hotel,
New York Geoffrey Cox

Cowen and Company 7th Annual Global Health Care Conference
November 07-08
The Landmark
London Hotel
London, UK Geoffrey Cox

www.transgenics.com/pressreleases/eve...

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quote:

SkySpam1 schreef:

Rodman & Renshaw 8th Annual Healthcare Conference
November 06-08
New York
Palace Hotel,
New York Geoffrey Cox
deze niet te openen via onderstaande link

www.transgenics.com/pressreleases/eve...
bovenstaande niet te openen via link,
maar wel via deze:
www.rodmanandrenshaw.com/Conferences....

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GTC BIOTHERAPEUTICS AND LFB BIOTECHNOLOGIES ENTER STRATEGIC COLLABORATION FOR RECOMBINANT PLASMA PROTEINS AND MONOCLONAL ANTIBODIES


TRANSGENICALLY PRODUCED RECOMBINANT FACTOR VIIa IS FIRST PROGRAM



FRAMINGHAM, MA and PARIS, FRANCE – October 2, 2006 -- GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) and LFB- Biotechnologies, a wholly owned subsidiary of LFB S.A. (Laboratoire francais du Fractionnement et des Biotechnologies S.A.) announced today that they have entered into a strategic collaboration to develop selected recombinant plasma proteins and monoclonal antibodies using GTC’s transgenic production platform. A Joint Steering Committee will agree on product development as well as commercialization plans. GTC will be responsible for development of the production system for the products and will retain exclusive commercial rights to the products in North America. LFB Biotechnologies will be responsible for clinical development and regulatory review of the first program of this collaboration, and will have exclusive commercial rights in Europe. GTC and LFB Biotechnologies will hold co-exclusive rights in the rest of the world to the products developed through their collaboration. The first program in this collaboration is for development of a transgenically produced recombinant form of human factor VIIa (rhFVIIa). Factor VIIa is a clotting factor in the coagulation of blood. A research program on rhFVIIa was initiated by LFB three years ago.



“This collaboration with LFB Biotechnologies is a significant step in the execution of our strategic plan to develop a robust pipeline of recombinant plasma proteins and monoclonal antibodies,” stated Geoffrey F. Cox, Ph.D., GTC’s Chairman and Chief Executive Officer. “LFB is a significant European company with broad experience in the development and marketing of plasma proteins as treatments for a wide range of medical conditions. We are very pleased to share our respective strengths to develop an abundant source of rhFVIIa and potentially recombinant forms of other plasma proteins and monoclonal antibodies.”



“Thanks to this strategic alliance with GTC, we have assembled all the assets and skills of a worldwide success for our rhFVIIa”, stated Christian Béchon, LFB’s Chairman and Chief Executive Officer. “Our collaboration offers a unique opportunity to meet worldwide expanding patient needs with a technological breakthrough. With this agreement, LFB has access to the expertise and intellectual property of the world leader in animal transgenic technology.”



Background on rhFVIIa

The total worldwide sales of the current recombinant factor VIIa product in all indications were reported to be $845 million (US) in 2005. An independent market research report estimates the worldwide sales of rhFVIIa will reach $2 billion (US) by 2012. Both plasma-derived and recombinant products are used in treating hemophilia caused by genetic conditions in which patients’ failure to express enough coagulation factors on their own may lead to excessive bleeding. The application of transgenic technology may enable the production and pricing of rhFVIIa at appropriate levels for broader utilization of rhFVIIa, as well as expanding its use to the treatment of the unmet needs of patients in developing countries and to the treatment of other acquired bleeding conditions.



RhFVIIa will be developed from the milk of transgenic rabbits. Rabbits are anticipated to be capable of supplying the projected needs of the marketplace.



Financial Terms

The intention of the collaboration is to share equally in product development costs and profits worldwide. The collaboration provides flexibility for each party to vary its participation in development costs with a corresponding adjustment in profit sharing.



LFB Biotechnologies has committed to purchase $25 million (US) of GTC common and convertible preferred shares, and convertible debt, of which $19 million is subject to GTC shareholder approval. Subject to such approval, the investment will occur in three installments, or tranches, that will result in the equivalent of approximately 18.2 million shares, 19.9% of GTC’s outstanding equity post transaction. The first tranche, which is expected to close this week, is for preferred stock convertible into 5 million shares of common stock, 6.8% of the common shares outstanding prior to the equity investment. The first tranche is priced at $1.23 per common share equivalent. The preferred stock will be entitled to elect one director to GTC’s board after the second tranche is issued, but it does not pay a dividend nor does it have a liquidation preference. GTC may choose to convert the preferred equity after 2012 if the market price of the common stock exceeds $2.46 per share. After shareholder approval of an increase of authorized shares, the second tranche of the equity investment will be completed. The second tranche will be additional preferred stock convertible into approximately 9.6 million shares of common stock at the same common share equivalent price per share as the first tranche. The first and second tranches will total approximately 19.9% of the GTC common shares outstanding prior to the equity investment. The third tranche, which is subject to shareholder approval of the issuance of additional shares to LFB Biotechnologies and is planned to close in early January 2007, will be approximately 3.6 million shares of GTC common stock at a price of $1.23 per share. In addition to the equity investment, LFB Biotechnologies will also provide approximately $2.6 million via a five-year convertible note, which will convert automatically into GTC common stock in conjunction with any future equity financing of GTC at the common stock price of such future financing. Interest at an annual rate of 2% will be accumulated and payable at the time of conversion in cash or stock at GTC’s option. The note will be funded at the closing of the second tranche. LFB Biotechnologies will also have a five-year option to participate in any future GTC financing, at the terms agreed upon between GTC and the other investors in the future financing, to the extent that LFB Biotechnologies’ total common stock ownership level will not exceed 19.9% after the financing.



Conference Call Information

GTC Biotherapeutics will discuss this collaboration with financial analysts in a web cast conference call at 10:00 a.m. (Eastern) today. The dial-in number from inside the United States is 1-800-259-0251. The dial-in number from outside the United States is 1-617-614-3671. The participant passcode is 77118448. The webcast and the subsequent archive recording may be found at www.gtc-bio.com.



About LFB Group
With sales of 260 million euros, LFB is the fourth largest pharmaceutical company supplying drugs to hospitals in France and a major European producer of plasma-derived medicinal products. LFB provides to healthcare professionals a wide range of 19 plasma-derived medicinal products in three therapeutic fields: Hemostasis, Anesthesia-intensive Care and Immunology. LFB’s medicinal products are prescribed to address emergencies but also to manage chronic diseases that require lifelong treatment. With 1300 employees, among which 200 are in R&D, LFB is recognized as one of the major European players in the field of therapeutic proteins with expertise in protein downstream processing,
ludwig mack
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GTC BIOTHERAPEUTICS AWARDED $1.4 MILLION IN CONTINUED SBIR FUNDING FOR CD137 MONOCLONAL ANTIBODY PROGRAM

FRAMINGHAM, MA – October 5, 2006 -- GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) announced today that it was awarded an additional grant of $1.4 million for its CD137 monoclonal antibody program from the Small Business Innovative Research, or SBIR, program of the National Institutes of Health. The first year committed funding is approximately $780,000. This grant will fund process development, characterization of the antibody and efficacy testing in preclinical models in anticipation of future manufacturing for clinical trials. GTC in-licensed the CD137 antibody from the Mayo Clinic and obtained initial SBIR funding in 2004. The work planned under this additional grant will be performed over two years in collaboration with Dr. Scott Strome at the University of Maryland and Dr. Lieping Chen at the Johns Hopkins School of Medicine.

“The CD137 antibody appears to have significant potential for the treatment of solid tumors and autoimmune diseases,” stated Harry Meade, Ph.D., GTC’s Senior Vice President of Research and Chief Scientific Officer. “We are gratified that the SBIR program recognized this potential and the further funding will enable us to continue our work in the preclinical evaluation of CD137’s activity.”

CD137, also known as 4-1BB, is a member of the tumor necrosis factor/nerve growth factor family of receptors and is a surface glycoprotein found on certain cells of the immune system.

The SBIR program is a source of federal government funding administered by various government agencies for domestic small business concerns to engage in research and development activities with the potential for commercial development.

About GTC Biotherapeutics, Inc.

GTC Biotherapeutics is a leader in the development, production, and commercialization of therapeutic proteins through transgenic animal technology. GTC's lead program is ATryn®, its recombinant form of human antithrombin. The European Commission has granted market authorization for the use of ATryn® in patients with a hereditary antithrombin deficiency undergoing surgical procedures. In addition to the ATryn® program, GTC’s development programs include a recombinant human factor VIIa, a recombinant human alpha-1 antitrypsin, a recombinant human albumin, a CD137 antibody, and a malaria vaccine. In its external programs, GTC's technology is used to develop transgenic production of its partners' proprietary products, including both large-volume protein therapeutics as well as products that are difficult to produce in significant quantities from conventional recombinant production systems. One external program is in clinical trials with a transgenically produced product. Additional information is available on the GTC web site, www.gtc-bio.com.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the prospects and scope of further development in the CD137 monoclonal antibody program and the collaboration with Drs. Strome and Chen. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such statements. Factors that may cause such differences include, but are not limited to, the risks and uncertainties discussed in GTC's most recent Annual Report on Form 10-K and its other periodic reports as filed with the Securities and Exchange Commission, including the uncertainties associated with working with collaborators and the risks and uncertainties associated with research and development of biotherapeutics. GTC cautions investors not to place undue reliance on the forward-looking statements contained in this release. These statements speak only as of the date of this document, and GTC undertakes no obligation to update or revise the statements, except as may be required by law.

CONTACT:
GTC Biotherapeutics, Inc.
Thomas E. Newberry
Vice President, Corporate Communications
US (508) 370-5374

Feinstein Kean Healthcare for GTC
Francesca DeVellis
US (617) 577-8110

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The recent agreement (JV) between GTCB and LBF is dilutive, causing GTCB's shares to slide back after an initial pop.

To me, the major issue is not dilution per se, but what GTCB's shareholders get for the (20%) dilution?

To answer this question, one must first understand that LFB's parent is a (large) French state-owned company whose primary business is the production and distribution of plasma proteins derived from human blood.

The very existence of the GTCB-LFB agreement is a recognition on the part of LFB that GTCB's transgenic production platform is a superior (faster, cheaper, safer) way to produce plasma proteins, of which there are about 100 kinds.

The agreement calls for a 15-year (renewable) JV to "marry" LBF's experience in clinical development and regulatory review to GTCB's transgenic production platform. The first product will be Human Factor VIIa, which is already under development by LFB. LFB will have exclusive commercial rights to this product in Europe, and GTCB will have those rights in North America. For the rest of the world, and for all other products (both plasma proteins and monoclonal antibodies or MABs) they choose to develop, costs and profits will be split evenly, though there is a clause that allows for non 50-50 split of profits if one of the parties does not contribute to 50% of the costs.

Rather than simply outsource its (production) technology (to LBF), GTCB has chosen to partner with a major European company. As a result, the risks are higher (development costs + non-approvals of products), but the reward (as a percentage) of sales is also much higher, especially if compared to royalties had GTCB simply been chosen by LBF as the "fab" for its plasma proteins and MABs. In short, this deal by GTCB is an effort by GTCB to move "upstream" into a higher value-added market via a JV that will codevelop and distribute blood plasma proteins and MABs with a major European player.

There's no way to calculate if such a deal is worth a 20% dilution, but it certainly represents a another major validation of the potential value of GTCB.
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quote:

linco schreef:

Lees even deze site en trek dan een conclusie.
Wat denkt U ervan ?
seattletimes.nwsource.com/html/nation...
[/quote]

[quote=linco]

Nog een mooi stukje voor eens te lezen en na te denken.
www.fibre2fashion.com/news/textiles-t...

met dank
ludwig mack
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denken jullie er ook aan deze samenvatting regelmatig op de voorpagina te plaatsen ? dank !
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quote:

ludwig mack schreef:

denken jullie er ook aan deze samenvatting regelmatig op de voorpagina te plaatsen ? dank !
met deze!

Press Release
Source: GTC Biotherapeutics, Inc.

GTC Biotherapeutics to Webcast Corporate Presentation at Three Upcoming Conferences
Tuesday October 24, 10:57 am ET

FRAMINGHAM, Mass.--(BUSINESS WIRE)--GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) announced today that Geoffrey Cox, Ph.D., GTC's Chairman and CEO, is scheduled to present at the following upcoming conferences:
ADVERTISEMENT


Tuesday, October 31, 2006 at 1:30 p.m. ET during the C.E. Unterberg, Towbin Life Sciences Conference. The conference is being held at the New York Palace Hotel, New York, NY from October 30-31, 2006.

Monday, November 6, 2006 at 10:15 a.m. ET during the Rodman & Renshaw 8th Annual Healthcare Conference. The conference is being held at the New York Palace Hotel, New York, NY from November 6-8, 2006.

Wednesday, November 8, 2006 at 8:40 a.m. GMT during the Cowen and Company 7th Annual Global Health Care Conference. The conference is being held at The Landmark London Hotel, London, UK from November 7-8, 2006.

All presentations will be webcast live and can be accessed by logging onto www.gtc-bio.com. Replays can be accessed from this same website and will be available within 24 hours of each presentation.

GTC Biotherapeutics develops, produces, and commercializes therapeutic proteins through transgenic animal technology. GTC obtained the first approval of a transgenically derived product anywhere in the world in August 2006. ATryn®, GTC's recombinant form of human antithrombin, was approved by the European Commission for use in patients with a hereditary antithrombin deficiency undergoing surgical procedures. ATryn® is in phase III studies to support a filing in the United States requesting approval in the hereditary deficiency indication. GTC is also working with LEO Pharma A/S of Denmark to develop ATryn® as a potential treatment for disseminated intravascular coagulation (DIC) in conjunction with severe sepsis as well as launch ATryn® commercially in Europe. A phase II study in DIC is planned to commence at the end of 2006. In addition, GTC established a strategic collaboration with LFB Biotechnologies of France in October 2006 to jointly develop recombinant forms of human plasma proteins and monoclonal antibodies. Building on initial research performed by LFB, the first program of the collaboration will be to develop recombinant human factor VIIa as a potential treatment for hemophilia with inhibitors. GTC has also recently been granted a patent in the United States for the production of any therapeutic protein in the milk of any transgenic mammal. GTC's transgenic production platform is particularly well suited to enabling cost effective development of proteins that are difficult to express in traditional recombinant production systems as well as those that are required in large volumes. Additional information is available on the GTC web site, www.gtc-bio.com.

biz.yahoo.com/bw/061024/2006102400583...

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www.transgenics.com/pressreleases/eve...

*C.E. UNTERBERG, TOWBIN HOSTS ANNUAL LIFE SCIENCES CONFERENCE IN NEW YORK ON
OCTOBER 30-31, 2006
www.drugnewswire.com/7577/
www.unterberg.com./
www.unterberg.com/newsperspec/news_pr...
met CC

**GTC Biotherapeutics to Host Third Quarter 2006 Earnings Call and Webcast on Thursday,...
NOVEMBER 02, 2006
today.reuters.com/news/articleinvesti...
met CC

***Rodman & Renshaw 8th Annual Healthcare Conference
NOVEMBER 06-08, 2006
www.rodmanandrenshaw.com/Conferences....
op 06 NOVEMBER, 2006
10.15 AM
www.rodmanandrenshaw.com/Conf19/ConfS...
met CC

****Cowen and Company
7th Annual Global Health Care Conference
Tuesday, November 7 through Wednesday, November 8, 2006
The Landmark, London, England
www.cowen.com/
investor.ipi.com/eventdetail.cfm?even...
met CC

*****Lazard Capital Markets Third Annual Life Sciences Conference
NOVEMBER 28-29, 2006
www.lazardcapitalmarkets.com/events.s...
www.lazardcapitalmarkets.com/pdf_file...

******BioProcess Asia 2006
DECEMBER 12-13, 2006
Reston, VA
Start Time: 12:00 PM
12-13 December 2005
tinyurl.com/yxum29

*******BioProcess International European Conference & Exhibition
APRIL 24-25, 2007
www.iir-events.com/IIR-conf/LifeScien...

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0
*DJ GTC Biotherapeutics Started At Buy At CE Unterberg >GTCB

11/17/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)

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0
stond de dolaar een paar weken teug nog op 1.26
nu is dat 1.31 oftewel een min van 4% oftewel een aderlating van 5 cent, omgerekend voor gtcb op dit nivo.

een vriend van mij is net terug uit amerika, en vond "alles" er een stuk goedkoper dan hier in Nederland.

de low voor de dollar sinds t bestaan van de euro is 1.36.

mvg,
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