GTC Biotherapeutics (fka GTCB)

[joethdo]

Jesse et al.

I sent a fairly long e-mail to Newberry suggesting a number of options for government funding. (The e-mail was more to get things out there and I would imagine that GTC has looked at these options.) I am also appalled that our government is pumping trillions into decaying American companies when a company like GTC could -- if a reasonable source of funding were to become available -- turn into a a major American company.

The gist of my e-mail was as follows:

* Whatever happened to the Massachusetts biotech bill? Wouldn't that be a natural source of funding?

* Have you approached various Massachusetts state pension funds for cash? A deal could be structured that both benefits the funds (and the taxpayers) and allows the company to fulfill its potential. (For example, the taxpayers would receive equity in return for cash but perhaps part of the loan would be forgiven if GTC achieved certain milestones etc.)

* Have you approached another state for a relocation package? (I suggested Minnesota which has a surplus of farmland and major medical/biotech companies.)

I admit that these are low probability events in most environments but in an environment where the government is spending like a drunken sailor it makes sense that they would throw some cash toward struggling but demonstrably innovative companies.

Anyway, at some point, I will be drafting a letter to Deval Patrick and both Massachusetts Senators about this issue.