Good change31 May 2024 14:08
Pete making his plans and streamlining
Company continues to focus on expenditure directly linked to revenue generating positions.
In his time at the Company, Dr Chassagnole has made important contributions in the development of the Company's client offering, the publication of thought leadership and the securing of grants.
In order to ensure a smooth transition, the Company will enter into a consulting agreement with Dr Chassagnole that would enable it to continue to take advantage of his scientific expertise and experience as required following the end of his formal employment. In addition, the Company has entered into an IP Licensing Agreement with Dr Chassagnole under which certain systems biology models and software, no longer used or commercialised by the Company, and unrelated to the Company's Virtual Tumour software, will be licensed on a non-exclusive basis to a company set up and owned by Dr Chassagnole. Under this agreement, the Company will receive a 2-5% royalty on any gross sales that may be derived from this IP up to a maximum amount of £75k per annum.