GTC Biotherapeutics (fka GTCB)

[DewDiligence]

>Curious as to what you all think the cash burn and need for financing picture looks like today, based on developments and quarterly report and CC.<

1. GTC had $51M in cash as of the first week in January (following the final tranche of the LFB transaction).

2. The cash-burn guidance for 2007 is $26-29M, which leaves a $22-25M cash balance at year end if the burn is within the guidance range.

3. GTC just hired a business-development executive (Ashley Lawton) whose job is to focus on inking new partnerships.

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Inference: GTC won’t need to raise cash in 2007.