GTC Biotherapeutics (fka GTCB)

[keitern]

Encouraging posts. I guess I don't understand the process completely. In the manufacturing world, the senior design engineers create a design and usually a prototype. After all the decisions have been made and all the testing has been completed, you could send the part out to any number of fabricators who would then deliver your part per the specs.

If GTC's counterparts to this process were capable and competitive AND had a lower COGS, then we would certainly have a backlog. Since we don't even have one new "customer" per any given quarter, I have to assume that this model is incorrect. I have to assume that the design, the prototype, the testing, and the final production are tightly cemented into a model that is much more complex and unpredictable.