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DewDiligence

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DewDiligence

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Re: DewDiligence post# 13425

Thursday, 08/07/2008 8:57:33 AM

Thursday, August 07, 2008 8:57:33 AM

Post# of 19309
GTC’s Expected Cash Usage for 2H08

--The cash balance at 6/30/08 was $12.2M.

--Guidance for cash usage in 2H08 is $14M (excluding any financing transactions or new partnership deals).

--3Q08 will benefit from the initial $3M payment from Ovation (provided that the deal actually closes).

--4Q08 will benefit from the next $2M payment from Ovation, assuming that the FDA accepts the ATryn BLA for review during the quarter.

--3Q08/4Q08 will benefit from a $3M reimbursement by LFB for the companies’ joint venture. (This is in addition to the $3M reimbursement from LFB during 2Q08.)


Let’s talk biotech!
“If your beloved drug candidate sounds
too good to be true, it probably is.”

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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