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DewDiligence

12/15/07 7:55 AM

#6307 RE: rkrw #6306

>Forgetting the upcoming data, shouldn't [insiders] be locked out of buying because of this supposed jv by year end?<

I’m assuming that the phase-3 data release is sufficiently soon (January) that it wouldn’t make sense for GTC to ink a US ATryn partnership before the data release. If the next material news will be in January, insiders presumably still had a brief window for buying this week. This further assumes that the terms of a partnership agreement are not yet finalized.

The other possible explanation for the insider buying is that bad news of some sort is imminent. Let’s hope it isn’t that.