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![]() ![]() ![]() ![]() ![]() | GTC BIOTHERAPEUTICS AND PHARMATHENE EXTEND AGREEMENT FOR PROTEXIA® PROGRAM FRAMINGHAM, MA– March 27, 2008 -- GTC Biotherapeutics, Inc. ("GTC", Nasdaq: GTCB) has entered into an extended agreement with PharmAthene, Inc. (Amex: PIP) under which GTC will provide continuing process development and clinical supply manufacturing services for PharmAthene’s Protexia® program. The manufacturing work is planned to conclude in the third quarter of 2008. Protexia® is a recombinant form of human butyrylcholinesterase (rBChE) produced in the milk of transgenic goats, which is being developed by PharmAthene as a pre- and post-exposure therapy for victims of a chemical nerve agent attack. “We are pleased to continue to support PharmAthene as it develops Protexia®,” stated Geoffrey F. Cox, Ph.D., GTC’s Chairman and Chief Executive Officer. “The constraint in supplying BChE from either human plasma sources or other recombinant systems is an excellent example of transgenic production enabling development of otherwise difficult to express proteins.” While the utility of human plasma derived butyrylcholinesterase (BChE) to protect against nerve agent toxicity is well documented, a major limitation hindering its commercial development has been the inability to produce commercial quantities due to a limited availability of appropriate blood supplies, low levels of the protein in plasma, and low production yields using traditional biotechnology methods. Protexia® overcomes these limitations by enabling substantially larger production yields than are possible using other expression systems or through purification of the native protein from human plasma. Transgenic production and manufacturing is estimated to be capable of supplying sufficient rBChE to make Protexia® available for use by the military and civilian populations.
About Nerve Agents These so-called nerve gases, which are actually all liquids at room temperature, are lethal in low quantities when inhaled or absorbed through the skin. Nerve agents can be classified as either G-agents (sarin, soman, tabun) or V agents (VX), both of which are exceedingly volatile and toxic.
About Protexia®: Recombinant Human Butyrylcholinesterase
About GTC Biotherapeutics, Inc. This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the potential efficacy of Protexia® for biodefense and PharmAthene’s potential production requirements for the development of Protexia® for the Department of Defense. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such statements. Factors that may cause such differences include, but are not limited to, the risks and uncertainties discussed in GTC's most recent Annual Report on Form 10-K and its other periodic reports filed with the Securities and Exchange Commission, including the risks and uncertainties associated with the development of therapeutic proteins and dependence upon the actions of partners and regulatory and other governmental agencies. GTC cautions investors not to place undue reliance on the forward-looking statements contained in this release. These statements speak only as of the date of this document, and GTC undertakes no obligation to update or revise the statements, except as may be required by law. GTC obtained the information in this press release regarding Protexia, PharmAthene and its business, other than its agreement with GTC, from PharmAthene’s published information; and GTC has not independently verified any of such information.
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