GTC Biotherapeutics (fka GTCB)

[oldberkeley]

I had already read the article, it has been posted on quite a few boards.

Some selected quotes:

“Most people would probably say there have been too many biotechnology companies that have been like the walking dead”

“For the first time in the history of the biotech industry, you’re going to see unprecedented levels of bankruptcies and dissolutions”

"A Darwinian pruning of the weakest companies is inevitable"

"The sign over Wall Street for small biotechs is ‘closed for the season' "

"Other biotechnology companies, unable or unwilling to find a partner, will go into hibernation, just doing enough to keep the technology alive and waiting for a better day”