Biotech Values

[DewDiligence]

Re: GTCB inventory writeoffs

Counting the posts on the GTCB boards on iHub and Yahoo, this is your third or fourth message on this topic, so it must be something you consider unduly troubling. I thought I had fully addressed your concerns in #msg-14830074 and my prior reply on Yahoo, but I guess I didn’t do a good job.

Without repeating the specifics from my prior posts, let me just add that I’ve gone through the numbers and I do not see anything troubling about GTC’s relationship with Leo in terms of either the economics or the disclosure. Regards, Dew