RE: FAO MR GOODING26 Mar 2020 21:55
Storm, it looks like SAR need to speak to Dan as their deal is woeful compared to that which NFX had/has with Newsummit. Firstly SAR give global rights to the Chinese!!!, compared to NFX who only gave rights to China markets for Newsummit to use NXP001.
Secondly, SAR receive no percentage of future sales, they only get milestone payments and once they are do that it!
Thirdly, SAR give the patents over to the Chinese! For a total of £950k! Talk about a bad deal.
Finally, SAR haven't been paid a bean yet. NFX have received £1m in revenues from their China deal and are legally owed more.
Yes NFX have had issues with final payment, but that is down to the parent company of Newsummit having their own internal difficulties. Nothing that Dan or anyone else could do anything about.