Amarex is done! What a wasted purchase their paren
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Posted On: 10/28/2022 5:39:19 PM
Amarex is done! What a wasted purchase their parent company made by buying them.
Bad news. But, there is some upside: No more moneys expended on the BLA reducing the burn, which can be used elsewhere in more protective indications; and, potential moneys from Amarex and their parent in a settlement.
IMHO, CyDy can recover, but Amarex may be done unless they can resolve with CyDy. Amarex's parent needs to settle and rebrand.
Quote:
Further, we have filed a claim against the CRO seeking damages resulting from its breach of the Master Services Agreement and related agreements and reimbursement of our attorney fees and costs associated with the action.
Bad news. But, there is some upside: No more moneys expended on the BLA reducing the burn, which can be used elsewhere in more protective indications; and, potential moneys from Amarex and their parent in a settlement.
IMHO, CyDy can recover, but Amarex may be done unless they can resolve with CyDy. Amarex's parent needs to settle and rebrand.
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