Serepta SEC sch out for 6 mths June10 Aug 2018 14:35
Serepta SEC sch out 6 months 30.06.18 & shows on cost share with Summit as being per below of which $2.6 m shown as accrued costs as at 30.06.18:
$6.1 million increase in collaboration cost sharing with Summit on its Utrophin platform( 6 months to 30.06.18) (of this $2.9m 3 months to 31.03.18).https://seekingalpha.com/filing/4129744
Edit: Extract from call relating to Serepta's results:
'As of January 1, 2018, we started to share 45% of the costs related to Summit’s research and development expenses for the utrophin program. Due to the termination of Summit’s utrophin program during the second quarter of 2018, we expect this expense to significantly decline over the upcoming quarters.'
PS I can find no more mention of Summit on reading the script one way of burying bad news.