GTC Biotherapeutics (fka GTCB)

[St_armands_man]

Why remove it?

There may actually be a better chance of getting a deal closed by March 31st than there was previously.

Newberry made the statement to me that they didn't want to let a potential partner feel that it was to their advantage to delay any deals. If a potential partner felt that the delay would drive GTCB's cash position into one of desperation, they'd delay as long as possible hoping to put themselved into a better negotiating position.

GTCB had hoped to actually do todays deal a couple of weeks ago when the market was in better shape. The delay was caused by the need for the top line results to come in positive in order to close the deal. Obviously, when the results were delayed, the financing was also delayed.

Will anything be done by the end of the 1st qtr., who knows...but I don't think today's deal is any indication that it's any less likely.