GTC Biotherapeutics (fka GTCB)

[waynebio]

<Weak position only if there is one potential partner/bidder>

Yes true, but does 6+ months of negotiations make it look like there is no sense of urgency on the part of the partners? Makes it look like there are either 0 or 1 serious partners since 6+ months looks like there is no competition among potential partners. If there were 2 or more serious parterners (serious meaning acceptable proposals for GTCB), then GTCB would just have to set a deadline date for the partners to make up their mind about their best proposal and GTCB would choose the best available offer. If this were the case we would have a partner by now for US AT3. If there is only one serious partner, they would not be too worried about waiting because as time goes by the terms would get better since GTCB just gets more desparate with its cash burn. Remember the Bum story?