>My comment was simply directed at johnbits and his off-track suggestion that a company need have all the cash on hand before signing a deal with tentative milestones and royalties.<
pgs, call me old fashioned, but the market reacts differently depending on the size of your partner.
For instance, if Baxter or Genentech had signed the same deal with GTC, I dare say the stock would have reacted much more positively and would have held its gains.