RE: Good positive presentation.12 Mar 2026 15:42
As the CRO is based in the US, litigation could go on for years and top lawyers would be fighting it out for huge fees. I doubt whether "no win, no fee " situations arise at this level and Sareum just want to move on. Also, what about if they lost? They could be millions of quid down! We don't know, and won't know, what the tox trial end cost the company but it has been covered by existing resources.
One more thing. A potential buy out, JV partner or whatever, would be wary of outstanding legal matters.
I think it was absolutely right to make the commercial decision to move on.