Timing of Covid Grant2 Mar 2021 13:26
Arumel here is the wording of the October RNS. It is clear that they were having to wait for final approval. I believe there was a confirmation RNS in December.
Sareum Announces Grant Funding Conditionally Approved by the UK Government (UKRI) to Explore Potential of SDC-1801, a Selective TYK2/JAK1 Inhibitor, to Treat Covid-19
Cambridge, UK, 27 October 2020 - Sareum Holdings plc (AIM: SAR), the specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases, is pleased to announce that its application for approximately £174,000 grant award (the "Grant") by UK Research & Innovation ("UKRI") to investigate the therapeutic potential of SDC-1801, its selective, small molecule TYK2/JAK1 kinase inhibitor, in severe phase Covid-19, has been conditionally approved.
The Grant is subject to the UKRI's standard financial review of the Company and the submission of additional documentation, which the Company has provided to the UKRI and is now awaiting a formal grant offer letter (the "Offer Letter"). Subject to the Offer Letter being received and the Grant being provided, Sareum has agreed to contribute an additional c.£64,000 in cash and commit additional management time to the project, which is expected to take approximately six months to complete.