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Pursuant to Rule 424(B)(2)
Registration No. 333-51657
PROSPECTUS SUPPLEMENT DATED DECEMBER 10, 1999
(TO PROSPECTUS DATED MAY 14, 1998, AS SUPPLEMENTED ON MAY 15, 1998)
685,545 SHARES
Genzyme Transgenics Corporation
COMMON STOCK, $0.01 PAR VALUE PER SHARE
Genzyme Transgenics Corporation intends to offer, in privately-negotiated
transactions, 685,545 shares of its common stock at a price per share of $8.00.
We will offer the shares directly to the purchasers under stock purchase
agreements. We are not engaging an underwriter in the sale of any of these
shares, however, a placement fee is payable to Wirral Partners in connection
with a portion of the shares . We expect that the shares being offered will
be ready for delivery on the closing date of the purchase agreement.
Our common stock is listed for quotation on the Nasdaq National Market
under the symbol "GZTC."
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Price to Proceeds to
Public Placement Fee Company (1)
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<S> <C> <C> <C>
Per Share...................... $8.00 $0.24(2) $8.00 and $7.76(2)
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Total.......................... $5,484,360 $56,530.80(2) $5,427,829.20
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(1) Before deducting our expenses estimated at $20,000.
(2) The Company is paying a placement fee with respect to 235,545 shares only.
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THIS INVESTMENT INVOLVES RISKS. YOU SHOULD CONSIDER CAREFULLY THE "RISK
FACTORS" ON PAGE ONE OF THE PROSPECTUS AS UPDATED BY OUR SEC FILINGS.
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NEITHER THE SEC NOR ANY STATE SECURITIES REGULATOR HAS APPROVED
OR DISAPPROVED THESE SECURITIES, NOR HAVE THEY
DETERMINED IF THIS PROSPECTUS SUPPLEMENT IS ACCURATE OR ADEQUATE.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus Supplement is December 10, 1999.
