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GTCB samengevat !

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NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
To Be Held on December 5, 2006
Stemmen over de volgende 2 punten zijn

Gewone aandelen"), tot 200.000.000 aandelen te verhogen.

To approve the proposed issuance of shares of our Common Stock, as well as a promissory
note of ours that will be convertible into shares of our Common Stock, to LFB Biotechnologies
pursuant to the Stock and Note Purchase Agreement dated as of September 29, 2006 between
us and LFB Biotechnologies. This agreement is also referred to as the Purchase Agreement
and the promissory note is also referred to as the Convertible Note.

Voting results. We expect to announce shortly after the meeting whether the proposals have been
approved. We will also publish the voting results in our Annual Report on Form 10-K for the 2006
fiscal year, which we plan to file with the Securities and Exchange Commission in March of 2007.

www.transgenics.com/investorinfo/prox...
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GTC Biotherapeutics Reports Special Shareholder Meeting Approves Both Proposals
Tuesday December 5, 3:29 pm ET

FRAMINGHAM, Mass.--(BUSINESS WIRE)--GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) reported today that its shareholders approved two proposals that will allow it to complete its proposed sales of securities to LFB Biotechnologies. The first proposal, approving an increase in the number of GTC's authorized shares of common stock to 200 million, was passed by a vote of 40.6 million shares for the proposal and 3.5 million shares against, with 0.5 million shares abstaining. This exceeded the requirement that a majority of GTC's outstanding voting stock vote in favor of the proposal. The second proposal, approving the issuance of 3,630,000 shares of common stock and a convertible note to LFB Biotechnologies in accordance with our agreement, was passed by a vote of 36.5 million shares for the proposal and 2.7 million shares against, with 0.4 million shares abstaining. This met the requirement for a majority of the votes cast to be in favor of the proposal.

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These affirmative votes enable GTC to complete LFB Biotechnologies' $25 million investment into GTC in accordance with the terms of the agreement. Of the total investment, the sale to LFB Biotechnologies of $6 million of convertible preferred shares was completed in early October, approximately $14.6 million will be completed before year end, and the balance of approximately $4.4 million shares of common stock is scheduled to close in January 2007.

About GTC Biotherapeutics, Inc.

GTC Biotherapeutics develops, produces, and commercializes therapeutic proteins through transgenic animal technology. In August 2006, GTC obtained the first approval anywhere in the world of a therapeutic protein produced from a transgenic animal. ATryn®, GTC's recombinant form of human antithrombin, was approved by the European Commission for use in patients with 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. LEO Pharma A/S of Denmark will launch ATryn® commercially in Europe and will work with GTC to develop ATryn® as a potential treatment for disseminated intravascular coagulation (DIC) in conjunction with severe sepsis. LEO plans to commence a phase II study in DIC at the end of 2006. In addition, GTC established a strategic collaboration with LFB Biotechnologies of France to jointly develop recombinant forms of human plasma proteins and monoclonal antibodies. The first program of the collaboration will be to develop recombinant human factor VIIa as a potential treatment for hemophilia in patients with antibodies to other coagulation factors.

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 through 2021. 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.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the planned completion of the equity and debt investments in GTC. 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 filed with the Securities and Exchange Commission, including the risks and uncertainties associated with dependence upon the actions of strategic partners. 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.
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FDA News

FOR IMMEDIATE RELEASE
P06-215
December 28, 2006

Media Inquiries:
Michael Herndon, 301-827-6242
Consumer Inquiries:
888-INFO-FDA

FDA Issues Draft Documents on the Safety of Animal Clones
Agency Continues to Ask Producers and Breeders Not to Introduce Food from Clones into Food Supply

The U.S. Food and Drug Administration (FDA) today issued three documents on the safety of animal cloning -- a draft risk assessment; a proposed risk management plan; and a draft guidance for industry.
Draft risk assessment

The draft risk assessment finds that meat and milk from clones of adult cattle, pigs and goats, and their offspring, are as safe to eat as food from conventionally bred animals. The assessment was peer-reviewed by a group of independent scientific experts in cloning and animal health. They agreed with the methods FDA used to evaluate the data and the conclusions set out in the document.

The draft risk assessment presents an overview of assisted reproductive methods widely used in animal agriculture, the extensive scientific information available on animal health and food consumption risks, and draws science-based conclusions. These conclusions agree with those of the National Academies of Sciences, released in a 2002 report. Due to limited data on sheep clones, in the draft guidance FDA recommends that sheep clones not be used for human food.

"Based on FDA's analysis of hundreds of peer-reviewed publications and other studies on the health and food composition of clones and their offspring, the draft risk assessment has determined that meat and milk from clones and their offspring are as safe as food we eat every day," said Stephen F. Sundlof, D.V.M., Ph.D., director of FDA's Center for Veterinary Medicine. "Cloning poses no unique risks to animal health when compared to other assisted reproductive technologies currently in use in U.S. agriculture."

An animal clone is a genetic copy of a donor animal, similar to identical twins but born at different times. Cloning is not the same as genetic engineering, which involves altering, adding or deleting DNA; cloning does not change the gene sequence.
Proposed risk management plan

The proposed risk management plan addresses risks to animal health and potential remaining uncertainties associated with feed and food from animal clones and their offspring.

The proposed plan outlines measures that FDA might take to address the risks that cloning poses to animals involved in the cloning process. These risks all have been observed in other assisted reproductive technologies currently in use in common agricultural practices.

One such measure could be that the agency would work with scientific and professional societies with expertise in animal health and reproduction to develop a set of care standards for animals involved in the cloning process. Although the agency does not have authority to address the ethics of animal cloning, the proposed risk management plan does state that FDA plans to continue to provide scientific expertise to interested parties working on these issues.

"Because the release of the draft risk assessment and proposed risk management plan marks the beginning of our interaction with the public on these issues, we are continuing to ask producers of clones and livestock breeders to voluntarily refrain from introducing food products from these animals into commerce so that we will have the opportunity to consider the public's comments and to issue any final documents as warranted," said Sundlof.
Draft guidance for industry

The draft guidance for industry addresses the use of food and feed products derived from clones and their offspring. The guidance is directed at clone producers, livestock breeders, and farmers and ranchers purchasing clones. It provides the agency's current thinking on use of clones and their offspring in human food or animal feed.

In the draft guidance, FDA does not recommend any special measures relating to human food use of offspring of clones of any species. Because of their cost and rarity, clones will be used as are any other elite breeding stock -- to pass on naturally-occurring, desirable traits such as disease resistance and higher quality meat to production herds. Because clones will be used primarily for breeding, almost all of the food that comes from the cloning process is expected to be from sexually-reproduced offspring and descendents of clones, and not the clones themselves.

FDA is seeking comments from the public on the three documents for the next 90 days. To submit electronic comments on the three documents, visit www.accessdata.fda.gov/scripts/oc/doc... Written comments may be sent to: Division of Dockets Management (HFA-305), Food and Drug Administration, 5630 Fishers Lane, Rm. 1061, Rockville, MD, 20852. Comments must be received by Apr. 2, 2007 and should include the docket number 2003N-0573.

For more information, visit www.fda.gov/cvm/CloneRiskAssessment.htm.
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Is alweer een eeuwigheid geleden dat hier nog enig nieuws te melden was !

www.transgenics.com/pressreleases/pr0...

GTC BIOTHERAPEUTICS ENTERS INTO PROCESS DEVELOPMENT AND CLINICAL SUPPLY MANUFACTURING SERVICES AGREEMENT WITH PHARMATHENE FOR PROTEXIA®

FRAMINGHAM, MA and ANNAPOLIS, MD – March 2, 2007 -- GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) and PharmAthene, Inc. have entered into an agreement under which GTC will provide process development and clinical supply manufacturing services for PharmAthene’s Protexia®program. Protexia® is a recombinant form of human butyrylcholinesterase (rBChE) produced in the milk of transgenic goats, which is being developed by PharmAthene as a pre- and post-exposure therapy for military or civilian victims of a chemical nerve agent attack.

“We are pleased to expand our relationship with PharmAthene to provide the processing and analytical expertise for the development of Protexia®,” stated Geoffrey F. Cox, Ph.D., GTC’s Chairman and Chief Executive Officer. “rBChE is a prime example of a protein that is difficult to express in other production systems and is well suited to the transgenic technology platform.”

“GTC is an industry leader in transgenic protein technology and we look forward to working with them to ensure that the manufacturing of Protexia® is developed in accordance with all the appropriate regulatory requirements,” stated David P. Wright, President and Chief Executive Officer of PharmAthene.

While the utility of human plasma derived butyrylcholinesterase (hBChE) to protect against nerve agent toxicity is well documented, a major limitation hindering its commercial development has been the inability to produce commercial quantities of hBChE due to a limited availability of appropriate blood supplies, low levels of the protein in plasma, and low production yields using traditional biotechnology methods. PharmAthene’s recombinant hBChE overcomes these limitations by enabling substantially larger production yields than are possible using other expression systems or through purification of the native protein from human plasma. Transgenic production and manufacturing is estimated to be capable of supplying sufficient rBChE to make Protexia® available for use by the military and civilian populations.

About Nerve Agents

Organophosphate nerve agents, or anti-cholinesterase agents, cause toxicity by binding to and inhibiting acetylcholinesterase, an enzyme in the body that is essential for nervous system function. This leads to increases in acetylcholine and “cholinergic crisis” that can cause loss of muscle control, respiratory failure, paralysis, convulsions, permanent brain damage and eventually death.

These so-called nerve gases, which are actually all liquids at room temperature, are lethal in low quantities when inhaled or absorbed through the skin. Nerve agents can be classified as either G-agents (sarin, soman, tabun) or V agents (VX), both of which are exceedingly volatile and toxic.

About Protexia: Recombinant Human Butyrylcholinesterase

Protexia® is a form of recombinant human butyrylcholinesterase (rBChE), a potent

organophosphate (OP) scavenger protein produced in the milk of transgenic goats, which is being developed for use as a prophylactic and therapeutic against acute organophosphate (OP) nerve agent toxicity. In September 2006 PharmAthene was awarded amulti-year contract valued at up to $213 million from the Department of Defense (DoD) U.S. Army Space and Missile Command, for advanced development of Protexia®.

About PharmAthene, Inc.

PharmAthene, a privately-held biotechnology company, was formed to meet the critical needs of the United States by developing biodefense products. PharmAthene is dedicated to the rapid development of important and novel biotherapeutics to address biological pathogens and chemicals that may be used as weapons of bioterror. PharmAthene’s lead programs include

Valortim™, a treatment for anthrax, and Protexia®, a treatment for nerve agent exposure.

For more information on PharmAthene, please visit www.PharmAthene.com.

About GTC Biotherapeutics, Inc.

GTC Biotherapeutics develops, produces, and commercializes therapeutic proteins through transgenic animal technology. In August 2006, ATryn®, GTC’s recombinant form of human antithrombin, was approved by the European Commission for use in patients with hereditary antithrombin deficiency undergoing surgical procedures. This was the first approval anywhere in the world of a therapeutic protein produced from a transgenic animal.

GTC has also recently been granted a patent in the United States through 2021 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.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the development of downstream processing and transgenic production capacity for Protexia®, PharmAthene’s plans for developing Protexia® for military and civilian markets, and plans for meeting the anticipated preclinical and clinical requirements for approval. 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 filed with the Securities and Exchange Commission, including the risks and uncertainties associated with the development of therapeutic proteins and dependence upon the actions of partners and regulatory and other governmental agencies. 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
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AP
GTC Biotherapeutics Narrows 4Q Loss
Monday March 5, 10:56 am ET
GTC Biotherapeutics Narrows Its 4th-Quarter Loss on Jump in Revenue

FRAMINGHAM, Mass. (AP) -- Biotech drug developer GTC Biotherapeutics Inc. said Monday that its fourth-quarter loss narrowed as revenue surged past Wall Street estimates.
The company reported a loss of $7.4 million, or 10 cents per share, versus a loss of $8.3 million, or 15 cents per share, in the year-ago period. Revenue surged to $2.8 million from $629,000, as the company gained approval in Europe for its plasma protein ATryn for the treatment of deep vein thrombosis.

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Analysts surveyed by Thomson Financial expected a loss of 14 cents per share on revenue of $740,000.

For the full year, the company posted a loss of $35.3 million, or 53 cents per share, compared with a loss of $30.1 million, or 62 cents per share, in 2005. Revenue rose to $6.1 million from $4.2 million.

GTC Biotherapeutics shares rose 6 cents, or 5.9 percent, to $1.02 in morning trading on the Nasdaq Stock Market. The stock has ranged from 87 cents to $2 over the past year.

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datum conf.call 5th march 2007, via dew van het yahoo-hub.

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Edited Transcript from Today’s 4Q06 Conference Call
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[I’ve highlighted the passages I consider most consequential, corrected minor errors, inserted a few hyperlinks, and removed perfunctory remarks for the sake of brevity.]

PARTICIPANTS

Dr. Geoffrey Cox
GTC Biotherapeutics, Inc. - Chairman, CEO

Jack Green
GTC Biotherapeutics, Inc. - CFO

Caroline Lee
C.E. Unterberg, Towbin - Analyst

Sean Wu
Rodman and Renshaw - Analyst

Roy Friedman
Edith C. Blum - Analyst

Allen Seymour
Columbia Management - Analyst

Cory Kasimov
Oppenheimer - Analyst

PREPARED REMARKS

Dr. Geoffrey Cox - GTC Biotherapeutics, Inc. - Chairman, CEO

I'm going to begin this call by making a few comments regarding our progress in 2006 and the development of our pipeline and our partnering strategy. Jack will then provide an overview of the financial results for the fourth quarter and the full year and discuss our cash use projection for 2007. We'll then have some further prepared remarks prior to opening the call to questions.

So GTC went through a transformation in 2006, catalyzed by the approval of ATryn in Europe, the first approval of a transgenically produced therapeutic protein anywhere in the world. We now have two strategic partner relationships with LEO Pharma and LFB-Biotechnologies which enable us to further develop ATryn and expand our portfolio of recombinant plasma proteins, as well as monoclonal antibodies. We believe that these products will build valuable franchises for us in hematology, oncology, and autoimmune diseases. We also strengthened our balance sheet in 2006, with an ending pro forma cash position of $51 million. [‘Pro forma’ in this context means they are including the final tranche of the LFB transaction, which occurred in early January.]

Over recent years, we've been primarily been in the position of depending on equity financings to sustain the Company while we completed the European regulatory process. With the approval of ATryn, we now have the opportunity to focus on partnering as a strategic activity to help finance our portfolio of proprietary products. Not only will this strategy build on the value of our production technology through a broad portfolio of products, but also it would reduce our dependence on the equity markets for source of cash to fund our growth. There is no certainty in business development, but you can be certain of our recognition of its importance and our commitment to the process.

In that regard, I'm pleased to announce that Dr. Ashley Lawton has joined GTC today as Vice President of Business Development. Ashley has over 20 years of business development and management experience, including at Celltech, RepliGen, and Genzyme, where he has successfully led product development and licensing negotiations with a wide range of big pharma and biotech companies.

Let me share with you some of my thoughts on our partnering strategy and opportunities. Our partnerships with LEO and LFB are examples of the strategic focus we have on partnering to support the development and commercialization of our proprietary products. ATryn is partnered with LEO for Europe, Canada, and the Middle East and we'll be exploring our partnering options for commercialization of this product in the United States, particularly to support the acquired deficiency indications such as DIC. In Japan, plasma-derived antithrombin products have significant sales, and we have initiated discussions with a number of companies who may be interested in supporting ATryn's development and commercialization in that territory. Certainly, the interest expressed in Japan in ATryn and our other products has changed significantly following our EMEA approval.

We will also be seeking partners to support the development and commercialization of our other products in our portfolio. This includes our commercialization rights to recombinant human factor VIIa as well as the overall development and commercialization of our recombinant human alpha-1 antitrypsin and CD137 antibody programs. The antibody to CD137 receptor appears to have a broad range of potential indications, including cancer and autoimmune diseases, which are clearly beyond our current financial and personnel resources to exploit fully.

An emerging area of interest for us is that of follow-on biologics, otherwise known as biosimilars in Europe. These products are for large markets and there is the clear opportunity to utilize the characteristics of our production technology to produce large volumes of proteins at a competitive cost of goods. As you're aware, there is an important discussion ongoing in both the political and regulatory arenas in both Europe and the United States, and we are following this discussion closely. What seems clear is that legislation embracing follow-on biologics in the United States and Europe will come to fruition [#msg-17057467]. We are planning to develop a position in this area through our business development activities.

Also included in our partnering activities will be external program relationships that provide opportunities to expand the adoption of our technology and help fund the infrastructure we have established to support commercial drug production. Our newest agreement is with PharmAthene for the Protexia product, a biodefense product, which was announced last week. Protexia is a recombinant form of human butyrylcholinesterase, a protein found in small amounts in blood plasma, and which is intended to help remove nerve agents.

This product, like Merrimack's MM-093, is a product which is enabled by the characteristics of our production technology. Both of these external programs meet our partnering criteria since there is a clear commitment to the transgenic reproduced product and we have the opportunity to participate in the financial rewards of success or development as they build on the technical and regulatory expertise we have already established.

Underlying all of our partnering activities is our broad patent in the United States, which was granted in 2006 and which expires in 2021, which covers the production of any therapeutic protein in the milk of any transgenic mammal.

Now let me take a few moments to review our major commercialization programs. LEO, our marketing partner for ATryn in Europe, will be introducing the product at the International Society of Thrombosis and Hemostasis conference in Geneva in July. While the approved indication in hereditary deficiency is a modest one, it does provide a base on which to establish key opinion leader familiarity with our product as we work towards approval in the larger acquired deficiency indications, such as DIC. The market authorization to begin commercialization in Europe was recently transferred to LEO, and they have begun the process in Europe of establishing the reimbursement prices on a country-by-country basis. We have been very pleased with LEO's collaborative efforts in defining the branding and product positioning that will support broader adoption of ATryn in Europe.
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In the United States, we're continuing our pivotal Phase III of ATryn and the gathering of the historical comparative data from patients treated with plasma-derived products in the hereditary deficiency indication. We expect to file our BLA with the FDA around the end of this year. On this timetable, we plan to provide an overview of the Phase III results in the second half of this year. As you may recall, we are utilizing an improved dosing protocol for pregnant patients in childbirth for the U.S. study. And this data will also be submitted to the MEA for review to expand the approved indication to include pregnant patients in Europe.

LEO has always shared our vision of growing the market for action well beyond the current markets of plasma-derived antithrombin by establishing strong clinical data in acquired antithrombin deficiencies. The first acquired deficiency is disseminated intravascular coagulation, or DIC, associated with severe sepsis. LEO has obtained scientific advice from the MEA and is initiating the opening of clinical sites for the approximately 200-patient Phase II dose ranging study. This study will provide the basis for the design of a subsequent Phase III trial.

We expect patient enrollment to commence shortly and this trial to be completed in approximately 12 months. We believe that data from this study will be available in the first half of 2008. LEO is responsible for conducting this trial and is paying for the material used in the study, and GTC will have access to the data for use in other territories. We look forward to continuing to work with LEO to develop the expanded clinical indication, and to build ATryn towards what we believe is its ultimate worldwide market potential of 500 to $700 million.

Our collaboration with LFB will focus initially on the development of recombinant factor VIIa. Factor VIIa is a product that is used in type A and B hemophilia patients that have developed inhibitors, and we expect this to be the initial indication. LFB will be utilizing their expertise as a developer of plasma-derived products and we will enable the production system with the intent for both of us to share in the program on a 50/50 basis. Today this market is dominated by NovoSeven, produced by Novo Nordisk, which has sales of approximately $1 billion per year from about 1 kilo of product. Independent analyst estimates are that this market will expand to approximately $2 billion by 2012 when the last of the current NovoSeven patents expire [#msg-16968837]. We plan to enter the clinic in approximately two years.

The strategic collaboration with LFB includes potential development of additional recombinant human plasma proteins and monoclonal antibodies. An evaluation of these opportunities is in process. Our portfolio of recombinant plasma proteins includes recombinant human alpha-1 antitrypsin, for which we have already established a production herd and we are in preclinical development. The current plasma-derived alpha-1 antitrypsin market is approximately $250 million per year worldwide. Similar to the ATryn program, our focus is on establishing a much larger market than that which exists today by offering an unconstrained supply of well-characterized recombinant product. Those with its genetic deficiency are believed to total about 3.5 million worldwide, although it is significantly under-diagnosed and under-treated. This deficiency may lead to emphysema in later life. Alpha-1 antitrypsin therapy may also have potential in other respiratory diseases such as emphysema generally and chronic obstructive pulmonary disease.

We have already discussed our intent to utilize partnerships to develop our antibody to the CD137 receptor in the human immune system. Reports suggest that our antibody has therapeutic value in modulating the immune response, potentially enabling the treatment of solid tumors and autoimmune diseases. We have established a production herd. We are in preclinical development. Both the cancer and autoimmune disease markets are very large, which would require large production quantities that our technology is well-suited to produce.

I will now ask Jack to review our financial results.

Jack Green - GTC Biotherapeutics, Inc. – CFO

We ended 2006 in a solid cash position with approximately $43.8 million of cash and marketable securities on the balance sheet. The third and final equity investment by LFB in early January 2007, as well as payments from LEO for the January 2007 delivery of Phase II clinical material that was manufactured in late 2006 provided us with additional cash totaling about $7 million, which on a pro forma basis, would put our year end cash at $51 million, which is consistent with our previous forecast.

During 2006, we had a net increase of $7.6 million in cash and marketable securities, including financing activities. We used $24.6 million of cash in operations in 2006. We expect our net cash use to be in the range of $26 million to $29 million for 2007. The projected net cash use for 2007 includes forecasted sales of ATryn in the approved indication and to LEO for the DIC study, as well as receipts from new and existing contracts. The 2007 cash use forecast also includes planned research and development activities in support of ATryn and our other programs. The Phase II DIC clinical study activities in 2007 will be conducted and funded by LEO.

In December 2006, we completed a refinancing of our senior debt facility with GE Capital. This refinancing provided an additional $2.8 million of proceeds, while extending the amortization period for a majority of the note. After the refinancing, we have a total of $10 million of debt outstanding with GE, and we have reduced our annual debt service.

Turning now to our P&L. Revenues were $2.8 million for the fourth quarter of 2006, compared with $600,000 in the fourth quarter of 2005. Revenues for 2006 were $6.1 million, a 48% increase from the $4.2 million in 2005. Revenues increased primarily due to shipment of initial clinical supply material to LEO for the Phase II DIC study. Cost of revenue and operating expenses were $41.8 million for 2006, 23% higher than the $33.9 million in 2005, which were driven primarily by the cost to supply clinical material for the DIC Phase II study.

Total research and development expenses for 2006 were $25.4 million, an increase of 20% over the $21.1 million in 2005. The increase was driven primarily by validation costs and costs associated with manufacturing ATryn from the current process that were in excess of the maximum selling price to LEO, as well as process development activities for increasing the scale of ATryn manufacturing. Total selling, general and administrative expenses in 2006 were $9.7 million, a 15% increase over the $8.4 million of 2005. This increase was due primarily to increased patent and legal costs, the expense associated with the special shareholder vote in the fourth quarter of 2006, and to non-cash expenses associated with equity-based compensation under Financial Accounting Standard 123R.


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The weighted average number of shares outstanding increased from 53.6 million shares for the fourth quarter of 2005 to 73.6 million shares in the fourth quarter of 2006. For the year, the weighted average number of shares outstanding increased from 48.7 million shares in 2005 to 66.9 million shares in 2006. The increases in the weighted average shares outstanding primarily reflect the issuance of common stock and financing transactions. The total outstanding common shares, including the common share equivalents associated with LFB's preferred stock, were approximately 88.2 million shares at the end of 2006 and were approximately 91.8 million shares upon the completion of the final installment of LFB's investment in January 2007.

Dr. Geoffrey Cox

Let me take a few moments to make some additional comments.

Turning first to our malaria vaccine program, we have entered into further discussions with the National Institute of Allergy and Infectious Diseases for the funding of this product. We have supplied some further material to the NIAID for evaluation for further development and we are seeking to restore funding of this program. We believe there is value to this product in the treatment and prevention of malaria, which remains one of the major causes of death in children under five years old in developing countries.

Let me remind you that we are taking ATryn's approval in Europe as the catalyst to build a significant company, both by expanding the market opportunities for ATryn and by building a portfolio of products which have significant value in the areas of hematology, cancer, and autoimmune diseases.

[Let me] try to share with you my vision of how this can be successfully achieved through the expansion of our partnering strategy. We believe we have already demonstrated the value of our technology in the production of recombinant plasma proteins, and these will continue to be an important segment of our Company. We also believe that monoclonal antibodies can be an increasingly important segment of our product portfolio. We have demonstrated from previous collaborations that our technology is well-suited for the production of large volumes of antibodies. In addition, it has become apparent the glycosylation achieved in the production of proteins using this technology has advantages in what is called ADCC, or antibody-dependent cell cytotoxicity. And as a natural feature of this technology, we envision exploiting these types of advantages, not only in our proprietary products such as CD137, but also in the area of follow-on biologics.

Let me remind you of some of our upcoming milestones, including the enrollment of the first patient into LEO's DIC Phase II study, which is expected shortly. An enrollment is expected to take about 12 months with preliminary results available in the first half of 2008. The introduction of ATryn by LEO at the ISTH in July of this year. The completion of enrollment in the Phase III study of ATryn for the United States, and our preliminary results from our Phase III study of ATryn for the United States, which are expected in the second half of this year. And, of course, our filing of a BLA for ATryn for the U.S. around the end of this year. I look forward to sharing with you our progress on these key milestones and our evolving partnership strategy.

Q&A

Caroline Lee - C.E. Unterberg, Towbin

I just wanted to ask, first of all, do you have a timeline set for finding a partner in Japan for ATryn, and additionally if you could give us some sort of an update on how enrollment is going for that Phase III trial in the U.S.?

Dr. Geoffrey Cox

Let me deal with the last one first, if I may. Enrollment in this trial has been a little slower than we expected, but this is a rare patient population and these types of studies are always a little difficult to predict. But I would say that we're making good progress and the time lines that I've just laid out, I think, are realistic time lines for us at this juncture and we are working very hard to make sure that we execute on those sorts of time lines. I think we are progressing in very good shape. I think as far as Japan is concerned, we were present at the recent BioAsia Partnering Conference and we met a number of companies there and there was a significant interest in ATryn and our other products, which clearly that interest has been spurred significantly by recognition of the fact that now we have approval for ATryn in Europe. This is a very different day now and the validation of the technology is very important in terms of moving those types of partnering negotiations and discussions forward. So I would say that we're still at the early stage in Japan at this moment, but we do have actually a number of companies who are significantly interested. Japan is notoriously slow in terms of partnering agreements, so it's tough to predict. It's certainly something I should hope to be able to update with you as we progress. We're quite encouraged by the reaction which we had in Japan recently.

Sean Wu - Rodman and Renshaw

I have a couple questions. Firstly, for your fourth quarter, your revenue and cost revenue appears to almost offset each other, so this is, I suppose the cost are in mainly the material delivered to LEO. So basically, are you now providing their material at a loss? What does the schedule look like going forward?

Dr. Geoffrey Cox

I'm going to ask Jack to comment on this, but I'm pretty sure it's a revenue recognition issue, which many companies have to deal with. If I just comment on the last piece also, about the cost issues, realize that in the initial development of the product and getting the product into the commercial arena, there are significant extra costs associated with validation of the technology; we also have process development activities for larger-scale production, which is ongoing at the moment. It's a little different to tease all those things out and we don't break those issues out separately. We do feel confident that as we move forward that our cost of production will move significantly in the right direction in terms of being able to provide a product for commercial production, which has the normal types of margins, which you would expect for biological products. I think what you're seeing here is a process at this moment and we certainly expect as we move forward to have a product that will be very competitive in the commercial arena. But having said that, I'm now going to ask Jack to talk a little bit about specifics of the first point, which you raised.

ludwig mack
1

Deel 4:
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Jack Green - GTC Biotherapeutics, Inc. – CFO

One of the issues that we have and I think we've talked about this on previous calls is that under revenue recognition requirements, we are forced to defer certain amounts of revenue -- for which we have received cash payments in the quarter, but we cannot recognize the revenue until future periods. This has to do with the issue of having multiple element contracts. Under accounting rules, you are required to spread certain portions of your revenue over future periods, future accounting periods. And we have that situation both in the quarter and in the year in which we've deferred a significant amount of revenue in both the quarter and the year. The amount of deferred revenue we have on the balance sheet, that's revenue that we will recognize in future periods is approximately $9 million at this point. So that is -- that's a significant amount of revenue that we will be recognized in future periods and in many cases, over a number of years

Sean Wu

So those ones will not come with costs associated with it?

Jack Green

The costs associated with those have been recognized in the current period. The revenue associated with those deferrals will be recognized in future periods.

Sean Wu

So you would have $3.3 million at least for next year? That's pretty good. Can you just briefly review for us the deal you have with LEO? So you will receive pricing and royalty on that's sales? What's going to run the royalty you have?

Dr. Geoffrey Cox

There's two pieces for the arrangements for transferring product to LEO. One is for the DIC study, the Phase II, and later on the Phase III study. And that is transferred to LEO at a fully-burdened cost. That does have a cap on it, which we don't disclose what that is, but that does have a cap on it. And so that's just at a fully-burdened cost. We don't have a margin on the product as such.

As far as commercial sales, we have a transfer price, which includes a margin to us and we also get a royalty arrangement from commercial sales. The way we've described this in the past, if you take the margin, which we expect to have at that juncture together with the royalty, the effective royalty is in the mid- to high teens.

Roy Friedman - Edith C. Blum

Let's go first to the Protexia deal. Since there are no financial terms disclosed in your press release, how are investors to judge the economic relevance of this deal for GTC? Is it reasonable to assume that the economic terms are broadly comparable to those in the ATryn deal with LEO?

Dr. Geoffrey Cox

I think it's a different sort of deal, actually. PharmAthene is more allied to the type of Merrimack deal, if you understand me, because they actually own the product and we are producing product for them, purifying product for them and we also have a royalty arrangement, but not a royalty arrangement at the same level as we have with LEO. In the case with LEO, of course, we actually own the product and therefore we are commercializing the product, or they are commercializing the product for us and that bears a much larger royalty. As far as the work we're doing for Protexia, we don't -- or for PharmAthene, we don't disclose the actual financial terms and arrangements, but I would say that we are making a commercially normal margin for this product on the work which we're doing for them.

Roy Friedman

Does the Protexia deal comprise all aspects of manufacturing, including filtration? I'm asking this because GTC's 2004 license with Nexia included an option for Nexia to license the filtration technology.

Dr. Geoffrey Cox

To remind people, the Protexia program is one which PharmAthene acquired from Nexia originally. Nexia was a Canadian company and so the technology was developed by Nexia and the herd of animals is a herd which is actually owned and controlled by PharmAthene. We're not producing this product within our own productions -- within our own herd so to speak. As far as the purification, obviously the opportunity for the collaboration not only for us to be able to purify the product and be able to use the technology and the capabilities which we've developed in that respect, but also to help support PharmAthene from a regulatory perspective, where we can bring some of the experience that we've had in terms of getting ATryn approved. So this is a situation where I think it's a great example of us really reaching out where somebody wants to adopt and exploit the characteristics of our technology, we're very happy to do that because that encourages a broader adoption of the technology by other companies. That's why we're very happy to collaborate in this fashion.

Roy Friedman

So it does include filtration then, the short answer being Yes?

Dr. Geoffrey Cox

Yes, yes.

Roy Friedman

Switching to ATryn, I have a technical question about the design of the U.S. trial. Recently, another company announced a Phase III study of oral heparin in knee surgery. The protocol for that study makes a distinction between proximal DVT and distal DVT, and it counts all proximal DVTs as adverse events, but it counts only some of the distal DVTs. Does your U.S. ATryn trial make such a distinction, and if so, what is the rationale for it?

Dr. Geoffrey Cox

There is no distinction, as far as I'm concerned. Our study in the United States is to assess the incidence of DVTs from clinical symptoms. That will be compared from the active study, which is the patients being treated with ATryn versus patients who from historical study, in other words, we go into hospitals largely in Europe, where people have been treated with plasma-derived products, and in similar sort of surgical and childbirth situations and compare those two sets of data. That's the nature of the study. But to my knowledge, and I'm pretty confident, we don't distinct between those two types of DVTs. [Tom Newberry later confirmed this.]

Roy Friedman

Finally, Geoff, can you clarify your comment about ADCC and follow-on biologics. I know what ADCC is, but I did not quite get what you were saying.
ludwig mack
1

Deel 5:
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Dr. Geoffrey Cox

The interesting part about ADCC, this has become a subject of great interest, and it really refers to the carbohydrates glycosylation which are associated with many proteins which are produced in mammalian cells, and it varies. In some instances, for instance, some biologicals have no glycosylation associated with them, which is things like human growth hormone and insulin. Other products have glycosylation, but they apparently play a very little part in the activity of the product or the therapeutic benefit of the product. And there are other proteins where this cell cytotoxicity appears to be important and is related to what is considered to be a low fucose level. The transgenic technology which we use, appears to produce proteins with low fucose carbohydrates in a natural fashion. Many companies are trying to do this in other systems by modifying those systems to do that. That could give us some benefit in monoclonal antibodies where additional benefit from ADCC could be important.

The issue with follow-on biologics is my expectation that you will not have a situation where you can define a follow-on biologic purely by analytical purposes. I think my expectations of legislation will allow for and I expect the FDA to also want to see some fairly significant amount of clinical development and also safety criteria, but there is the potential, if you develop a follow-on biologic in that fashion, maybe also to have some characteristics of the glycosylation, which could be beneficial in relation to the originator's product. I think this is something which is still a bit of work in progress at the moment, Roy. It’s something which I thought would be of interest to investors. This technology appears to have some real opportunities in terms of being able to leverage this particular aspect of our glycosylation using this technology.

Allen Seymour - Columbia Management

Yes. I applaud your interest in the follow-on biologics. In particular, I'm interested in -- since most of those things are done, I think in E. coli, maybe you could talk a little bit about besides this ADCC, whether there are any other impediments to your moving ahead in this area, besides financial, I guess, is the real question.

Dr. Geoffrey Cox

Well, I think the impediments to financial… clearly, we link the development of a strategy of follow-on biologics to a partnering strategy and so that's something which we regard as being fairly intimately linked. I think the issue around E. coli is that E. coli doesn't produce proteins with the glycosylation, which I was just describing. So you can use it fairly well for things like human growth hormone or insulin, these types of products. But it's not an appropriate manufacturing system where glycosylation is important. I think people are still considering what types of systems to use going forward.

Obviously, there's a lot of intellectual property around the use of mammalian cell culture, typical CHO-cell type of production systems. We believe that we've got some advantages in that respect in terms of having the freedom to operate using our transgenic technology. We also believe, actually, we have some nice production in terms of being able to produce these proteins under the umbrella of our IP in the United States, which goes through 2021. So I think that this is still an emerging area, and I think it's a little early to say exactly how all of this is going to fall out, but I do believe that we have demonstrated very successfully in the past from a number of collaborations we've had on monoclonal antibody production for big Pharma and big biotech in the late 90s that we can produce these proteins very successfully in large volumes using our production system. I think this is an area which we should pay real attention to and one which we will certainly be updating you with as we move forward in the future.

Cory Kasimov – Oppenheimer

Thanks for taking the questions. I only have two left here. The first one revolves around the DIC Phase II study. If you could provide us with some additional detail on the design and endpoints of that study, and also how many centers LEO is expected to use to enroll the 200 patients?

And secondly, regarding the biosimilars, I too am encouraged to hear of the company's future plans for this space. And realizing that it's very early on here, can you go at all into potential strategy and who'd you be talking to, whether you'd be partnering with existing generic companies, how, where some of these companies may be of your manufacturing technology. Just any way you can expand on any of that.

Dr. Geoffrey Cox

Okay. Let me just deal with the biosimilar piece first. I don't want to be too specific, because this is something that's still kind of a work in progress. I hope that'll be something I can update you with a little bit more detail as we move forward. Clearly, there are a number of fairly significant players that are developing in this particular marketplace, which we would regard as potential targets. Clearly it will be an extremely competitive marketplace, and therefore we would certainly be looking to talk to some of the companies which you can probably identify for yourselves, who would be interested in being able to bring these products through and to commercialize these products for us. So we would really look at ourselves as being the production system for these types of products. That's where our thoughts are at this moment, anyway. We'll obviously see how that develops through the future.

As far as the DIC Phase II study, it's about 200 patients. I don't know the exact number of sites, but it's not a large number of sites, probably on the order of 15, 20 sites, something of that order and limited number of countries in Europe where LEO has a presence, so that they can actually conduct the study principally themselves. The study is based on -- it's a dose ranging study. It is not statistically powered to demonstrate benefit from regards to survival. Certainly, the Phase III study, which follows on with our expectations is that survival will be the primary end point.

This particular study is based on a DIC score and there is an international-accepted DIC score which will be important in terms of bringing the patients into the study and also being able to measure any improvements in those patients who are treated both in the active arm and obviously in the control arm. The control arm is again standard of care. The standard of care is pretty well antibiotics plus fluids. If a physician wants to use heparin in that arm, he or she can do so. Heparin is not allowed in the action arm. You've heard me discuss this before, we believe that heparin is contraindicated with antithrombin in the treatment of this patient population, and therefore it's not allowed in the active arm. We do not allow Xigris in that particular arm. It's against standard of care.

Roy Friedman

Have you budgeted any receipts from Merrimack during 2007?

Dr. Geoffrey Cox

Yes, we have budgeted some receipts from Merrimack, but we don't break those out separately into what would be PharmAthene or Merrimack or whatever. Yes, they are budgeted in our figures for this year.

ludwig mack
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GTC Biotherapeutics Grants Expanded License to PharmAthene for Further Development of Protexia(R)
Tuesday March 13, 8:00 am ET

FRAMINGHAM, Mass.--(BUSINESS WIRE)--GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) and PharmAthene, Inc. have entered into an agreement providing PharmAthene an expanded license to GTC's patent rights, which will support the further development, manufacturing, regulatory approval and commercialization process for PharmAthene's Protexia® program. Protexia® is a recombinant form of human butyrylcholinesterase (rBChE) produced by PharmAthene in the milk of transgenic goats. PharmAthene is developing Protexia® as a pre- and post-exposure therapy for military or civilian victims of a chemical nerve agent attack. The expanded license agreement includes rights to utilize GTC's transgenic technology in the worldwide development and commercialization of Protexia® for all uses. This expanded license agreement follows the recently announced agreement under which GTC is providing PharmAthene clinical supply and manufacturing services for Protexia®. The financial terms of the expanded license agreement were not disclosed.
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While the utility of human plasma derived butyrylcholinesterase (hBChE) to protect against nerve agent toxicity is well documented, a major limitation hindering its commercial development has been the inability to produce commercial quantities of hBChE due to a limited availability of appropriate blood supplies, low levels of the protein in plasma, and low production yields using traditional biotechnology methods. PharmAthene's recombinant hBChE overcomes these limitations by enabling substantially larger production yields than are possible using other expression systems or through purification of the native protein from human plasma. Transgenic production and manufacturing is estimated to be capable of supplying sufficient rBChE to make Protexia® available for use by the military and civilian populations.

About Nerve Agents

Organophosphate nerve agents, or anti-cholinesterase agents, cause toxicity by binding to and inhibiting acetylcholinesterase, an enzyme in the body that is essential for nervous system function. This leads to increases in acetylcholine and "cholinergic crisis" that can cause loss of muscle control, respiratory failure, paralysis, convulsions, permanent brain damage and eventually death.

These so-called nerve gases, which are actually all liquids at room temperature, are lethal in low quantities when inhaled or absorbed through the skin. Nerve agents can be classified as either G-agents (sarin, soman, tabun) or V agents (VX), both of which are exceedingly volatile and toxic.

About Protexia: Recombinant Human Butyrylcholinesterase

Protexia® is a form of recombinant human butyrylcholinesterase (rBChE), a potent organophosphate (OP) scavenger protein produced in the milk of transgenic goats, which is being developed for use as a prophylactic and therapeutic against acute organophosphate (OP) nerve agent toxicity. In September 2006 PharmAthene was awarded a multi-year contract valued at up to $213 million from the Department of Defense (DoD) U.S. Army Space and Missile Command, for advanced development of Protexia®.

About PharmAthene, Inc.

PharmAthene, a privately-held biotechnology company, was formed to meet the critical needs of the United States by developing biodefense products. PharmAthene is dedicated to the rapid development of important and novel biotherapeutics to address biological pathogens and chemicals that may be used as weapons of bioterror. PharmAthene's lead programs include Valortim(TM), a treatment for anthrax, and Protexia®, a treatment for nerve agent exposure. On January 22, 2007 PharmAthene announced that it had signed a definitive merger agreement with Healthcare Acquisition Corp, a publicly-traded special purpose acquisition company (AMEX: HAQ - News). For more information on PharmAthene, please visit www.PharmAthene.com.

About GTC Biotherapeutics, Inc.

GTC Biotherapeutics develops, produces, and commercializes therapeutic proteins through transgenic animal technology. In August 2006, ATryn®, GTC's recombinant form of human antithrombin, was approved by the European Commission for use in patients with hereditary antithrombin deficiency undergoing surgical procedures. This was the first approval anywhere in the world of a therapeutic protein produced from a transgenic animal.

GTC has also recently been granted a patent in the United States through 2021 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.

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the development of downstream processing and transgenic production capacity for Protexia®, PharmAthene's plans for developing Protexia® for military and civilian markets, and plans for meeting the anticipated preclinical and clinical requirements for approval. 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 filed with the Securities and Exchange Commission, including the risks and uncertainties associated with the development of therapeutic proteins and dependence upon the actions of partners and regulatory and other governmental agencies. 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, 508-370-5374
Vice President, Corporate Communications
or
Feinstein Kean Healthcare
Francesca DeVellis, 617-577-8110

--------------------------------------------------------------------------------
Source: GTC Biotherapeutics, Inc.
ludwig mack
0
www.atiii.com/patientvoice.htm

Posted by: go seek (van het hub)
In reply to: None Date:3/11/2007 8:28:14 AM
Post #of 3032

//Touching lives // read this heartwarming story on RMF...
Happy to say i am long GTCB.

... As the delivery date drew closer and closer still, we could not find any antithrombin, anywhere. Then we had an amazing turn of events. A law school friend learned of my plight and helped put me in touch with a doctor who knew about a company developing transgenic antithrombin. GTC Biotherapeutics (or "GTC") had developed an antithrombin product that -- unlike Bayer's -- did not depend on donated human blood for its production. We contacted GTC and they immediately agreed to donate recombinant antithrombin - still in development -- so long as the FDA would allow it.

With only days to spare before the delivery date, truly another miracle came. GTC received the FDA's approval to donate the drug on a compassionate use basis. The company had put everything in place so that if the approval came, they would be ready to send the antithrombin to my hospital. A few days later, on May 10, 2001, the doctors delivered a perfect little boy by C-section.

Today he is a beautiful and rambunctious healthy four-year old. How blessed I am to live every day with this little miracle. And how grateful I am that my story is just beginning.


ludwig mack
0
met dank aan sky:

Voor wat het waard is, maar alle positieve beetjes helpen !
GTC Biotherapeutics, Inc., a micro-cap growth company in the health care sector, is expected to outperform the market over the next six months with less than average risk.
moneycentral.msn.com/investor/StockRa...

ludwig mack
0
GTC BIOTHERAPEUTICS OBTAINS LICENSE TO NUCLEAR TRANSFER PATENTS


FRAMINGHAM, MA – April 10, 2007 -- GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) announced today that it has been granted a non-exclusive worldwide license from Start Licensing, Inc., a joint venture between Geron Corporation (Nasdaq: GERN) and Exeter Life Sciences, Inc., for the patents and patent applications developed by the Roslin Institute to apply nuclear transfer to the production of therapeutic proteins in the milk of transgenic animals. Nuclear transfer may be utilized, as an alternative to micro-injection, to provide schedule predictability in developing the first animal that incorporates into its genome the transgene for a therapeutic protein to be expressed in milk. Nuclear transfer may also be used to speed the development of large scale transgenic production capacity. Financial terms include an upfront payment of $200,000 to Start and a total of 278,370 shares of GTCB common stock, based on the 10-day average closing price ending April 5, divided equally between Start and Exeter. There will also be a royalty payable to Start for those products developed with the patented nuclear transfer technology. The license agreement remains in place through the last patent to expire, which is expected in 2016 for the currently issued patents.



“We are pleased to enter into this licensing agreement to ensure we have the freedom to operate for those programs where the application of nuclear transfer is appropriate for product development,” stated Geoffrey F. Cox, Ph.D., GTC’s Chairman of the Board and Chief Executive Officer. “Our intellectual property portfolio provides patent protection for both the practice of our technology and the commercialization of our products. Last year, we received a patent in the United States for the production of therapeutic proteins in the milk of any transgenic mammal through 2021. This broad and long-lived intellectual property, all of which is independent of traditional bioreactor-based intellectual property, supports our strategic focus on the development and commercialization of recombinant plasma proteins and monoclonal antibodies.”



About Start Licensing

Start is a joint venture of the Geron Corporation (Nasdaq: GERN) and Exeter Life Sciences, Inc. Start manages and licenses a broad portfolio of intellectual property rights related to animal reproductive technologies, including foundational nuclear transfer cloning technology that was developed at the Roslin Institute for the cloning of Dolly the sheep. Start’s licensees are on the cutting edge of research and product development in food production, medical applications and many other fields.



About GTC Biotherapeutics, Inc.

GTC Biotherapeutics develops, produces, and commercializes therapeutic proteins through transgenic animal technology. ATryn®, our recombinant form of human antithrombin, is the first transgenically produced protein to be approved anywhere in the world, havingrecently been approved by the European Commission for the prophylactic treatment of deep vein thrombosis in patients with hereditary antithrombin deficiencies that are undergoing surgical procedures. ATryn® is produced in the milk of goats developed using micro-injection technology to incorporate a human antithrombin transgene. In addition to ATryn®, GTC is developing additional recombinant forms of therapeutic proteins normally found in human blood plasma as well as monoclonal antibodies. These products have potential applications in hematology, oncology, and autoimmune diseases.



GTC has also recently been granted a patent in the United States through 2021 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.



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 for applying nuclear transfer in the development of transgenic animals expressing therapeutic proteins in milk. 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 filed with the Securities and Exchange Commission, including the risks and uncertainties associated with the development of therapeutic. 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



[verwijderd]
0
GTC BIOTHERAPEUTICS TO HOST FIRST QUARTER 2007
EARNINGS CALL AND WEBCAST ON THURSDAY, MAY 3, 2007



Framingham, Mass., April 27, 2007-- GTC Biotherapeutics, Inc. (Nasdaq: GTCB) (“GTC”) announced today that its financial results for the first quarter 2007 will be released on Thursday, May 3, 2007 before the Nasdaq market opens. Geoffrey F. Cox, Ph.D., Chairman of the Board, Chief Executive Officer and President, will lead the call on May 3 starting at 10:00 a.m. Eastern Time. You may access the live internet broadcast or the subsequent archived recording, on GTC’s website at www.gtc-bio.com or as follows:



Live Call – In the United States, dial 1-866-362-4820
Outside the United States, dial 1-617-597-5345

Reference call ID: when prompted 63342680



Audio Archive– In the United States, dial 1-888-286-8010

Outside the United States, dial 1-617-801-6888
Reference call ID: when prompted 75806146



NOTE: a replay of the call will be available one hour following the end of the call and will be accessible until May 10, 2007.

The earnings webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.earnings.comor by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

About GTC Biotherapeutics



GTC Biotherapeutics develops, produces, and commercializes therapeutic proteins through transgenic animal technology. ATryn®, our recombinant form of human antithrombin, is the first transgenically produced protein to be approved anywhere in the world, having recently been approved by the European Commission for the prophylactic treatment of deep vein thrombosis in patients with hereditary antithrombin deficiencies that are undergoing surgical procedures. ATryn® is produced in the milk of goats developed using micro-injection technology to incorporate a human antithrombin transgene. In addition to ATryn®, GTC is developing additional recombinant forms of therapeutic proteins normally found in human blood plasma as well as monoclonal antibodies. These products have potential applications in hematology, oncology, and autoimmune diseases.



GTC has also recently been granted a patent in the United States through 2021 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.
ludwig mack
0
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Press Release Source: GTC Biotherapeutics, Inc.

GTC Biotherapeutics Reports First Quarter 2007 Financial Results
Thursday May 3, 8:00 am ET

FRAMINGHAM, Mass.--(BUSINESS WIRE)--GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) reported today its financial results for the first quarter ended April 1, 2007. The total net loss for the quarter was $7.5 million, or $0.10 per share, compared with $8.5 million, or $0.14 per share, in the first quarter of 2006.
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"Partnering to support our development programs and product commercialization opportunities is an important strategic activity for GTC. We have significantly increased our business development resources during the quarter to support this strategy," stated Geoffrey F. Cox, Ph.D., GTC's Chairman of the Board and Chief Executive Officer. "Our two strategic collaborations, with LFB Biotechnologies and LEO Pharma A/S, are making important contributions to the growth of our business. The Factor VIIa program with LFB made good progress in the quarter and we look forward to LEO's commercial introduction of our first approved product, ATryn®, in July in conjunction with the International Society of Thrombosis and Haemostasis in Geneva."

During the quarter, Rick Finnegan, Vice President of Commercial Development, and Ashley Lawton, PhD, Vice President of Business Development, joined GTC to expand our business development and product commercialization capabilities. Rick Finnegan is focusing on market introduction strategies for our products, including through collaboration partners. Ashley Lawton is focusing primarily on additional collaborative partnering for our proprietary programs, including monoclonal antibodies, as well as developing our strategy for follow-on biologics, or FOBs. Based on the evolving legislative deliberations in defining a regulatory path for FOBs, we believe that this area of protein production will become increasingly important. The cost advantages of our transgenic production technology may broadly enable development of FOBs that otherwise may not be economically attractive.

ATryn®, our recombinant form of human antithrombin, was approved by the European Commission for the prophylactic treatment of deep vein thrombosis in patients with hereditary antithrombin deficiencies that are undergoing surgical procedures. LEO is preparing ATryn® for commercial launch in this indication. LEO is conducting a dose ranging Phase II study with ATryn® to find the optimum dose to use in a subsequent Phase III trial to treat disseminated intravascular coagulation, or DIC, associated with severe sepsis. This indication is a large unmet medical need with approximately 500,000 cases annually in Europe and the US with about 50% mortality. LEO anticipates enrolling the first patient into the Phase II study in the second quarter with patient enrollment expected to take approximately 12 months. We completed delivery of the initial supply of clinical material to LEO in the first quarter of 2007.

Separately, we are conducting a Phase III study that we anticipate will support filing for approval of ATryn® in the US in the hereditary deficiency indication. In parallel to studying patients that receive our drug, we are conducting a comparative retrospective, or historical, study in the same indication of patients treated with plasma derived antithrombin. The objective is to establish non-inferiority in the comparison between our recombinant antithrombin product and antithrombin derived from human plasma. Although recruitment into these studies has taken longer than originally planned due to the rare patient population and the strict entrance requirements, we anticipate obtaining top line data in the fourth quarter of 2007.

We estimate the total worldwide potential annual market for ATryn® in all indications is $500 to 700 million.

We have begun development with LFB of recombinant human factor VIIa, or rhFVIIa, a blood clotting factor. The first indication planned for this program is in the treatment of type A and type B hemophilia where patients have developed inhibitors to clotting factors VIII or IX. We are establishing transgenic rabbits that use our beta casein promoter technology to evaluate as founders of a production herd. An independent analyst report estimates the total worldwide market for rhFVIIa could be $2 billion by 2012, which is the year when the patents on the current marketed product, NovoSeven®, expire.

We have also entered agreements with PharmAthene to license our transgenic production technology patents and provide clinical supply manufacturing services in their development of Protexia®, a recombinant form of human butyrylcholinesterase, as a potential biodefense product to treat nerve agent toxicity. The process development work on Protexia® began this quarter.

We continue to strengthen and expand our intellectual property position. We recently entered into a license agreement with Start Licensing, Inc. for patents originally developed at Roslin Institute to ensure we have freedom to operate in applying nuclear transfer to the development of transgenic mammals that produce therapeutic proteins in their milk. Nuclear transfer may be used as an alternative to micro-injection. We expect that in many cases it can provide greater schedule predictability in developing the first animal that incorporates into its genome the transgene for a therapeutic protein to be expressed in milk. Nuclear transfer may also be used to speed the development of large scale transgenic production capacity.

Our cash and marketable securities at the end of the first quarter of 2007 totaled approximately $39.6 million, a $4.2 million decrease compared to the $43.8 million total at the end of 2006. During the quarter, we received $4.5 million of proceeds from the final installment of LFB's investment in GTC. Exclusive of the LFB investment, we used approximately $8.7 million of cash and marketable securities in the first quarter. Our projected net cash burn for the remaining nine-months of the year is in the range of $15 to 18 million, which is consistent with our previous full year forecasted burn. The planned activities associated with the current ATryn® manufacturing campaign to supply clinical and commercial needs will be completed during the second quarter of 2007. The timing of expenses around the manufacturing campaign is expected to result in a higher net cash use in the first half of the year compared to the second half of the year. Our anticipated cash receipts for the year include additional delivery of material to LEO, and payments from new and existing partners, including from our supply agreements with PharmAthene and Merrimack Pharmaceuticals.

Revenues were approximately $5.4 million for the quarter, a $3.2 million increase from the first quarter of 2006. The increase in revenues was primarily related to the supply of ATryn® to LEO for the Phase II DIC study. Rev
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