No 737 milestones this year!!26 Mar 2020 09:23
'No immediate visibility' maybe but Sareum must be breathing down the necks at ICR!
Sareum remains cautiously optimistic that, based on the promising clinical and preclinical data generated to date, Sierra will find a suitable partner to undertake the future development of SRA737. Sareum has no immediate visibility on the state of progress, nor any terms which might be sought in the on-licensing deal. As a result, the Directors have concluded that the timing of two near-term milestone payments – disclosed by Sierra for the first time in August 2019 and together worth approximately US$5 million to Sareum – is likely to be delayed, and the Board of directors does not currently expect payment during this financial year.