GTC Biotherapeutics (fka GTCB)

[vinmantoo]

As far as the ovation deal, here is the transcript from Dew's read me first.

<The milestone payments include a total of $9 million through approval of ATryn® for HD in the U.S., including $3 million paid upon closing and an additional $2 million expected to be received in 2008.>

There will be $5 million this year ($3 million up front and $2 million later this year)and an additional $4 million upon FDA approval. Future projects such as CABG/HR will be fully funded by Ovation.

I agree that we need a higher level of up front payments but please don't spin the Ovation deal as some kind of negative.

<The market is rallying. >

Right. So you are saying if GTCB goes up for one or two days, we can cry out that GTCB is rallying too.