GTC Biotherapeutics (fka GTCB)

[DewDiligence]

>Unless it's the Tooth Fairy, a "finance only" partner will undoubtedly want something in return. If the "something" is interest, it's called a loan (like GE). If the "something" is a piece of the pie, it's called a partnership (like Leo and LFB). If the "something" is stock to play with, it's called a placement<

When I refer to a “finance only” partner, I’m talking about your second case: the partner gets a piece of future revenues but does not take an active role in drug development and does not acquire an equity stake in GTC. (Clearly, neither Leo nor LFB is a finance-only partner.)