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Article: GTC Biotherapeutics Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 6, 2009
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FRAMINGHAM, Mass. -- GTC Biotherapeutics, Inc.'s ("GTC", NASDAQ: GTCB) total net loss for the third quarter ended September 27, 2009 was $5.1 million, or $0.48 per share, compared with $6.1 million, or $0.59 per share, in the third quarter of 2008. The total net loss for the first nine months of 2009 was $26.2 million, or $2.51 per share, compared to $16.5 million, or $1.71 per share, for the first nine months of 2008.
"The financing completed earlier this week with LFB Biotechnologies is an important step in strengthening GTC's financial position and in working towards the objective of meeting NASDAQ's compliance requirements. It is also an important ...