29 Aug 2017
N+1 Singer - Abzena - Notification of claim
Abzena has been notified of a complaint filed with the Superior Court of the State of California, in respect of claims relating to an issue that arose prior to Abzena’s acquisition of PacificGMP in 2015. The claim (which was referenced in the Circular on 5th April 2017) is minor in nature, and Abzena does not currently expect the potential liability incl. costs to exceed the $1.5m currently held in escrow. We are not making any changes to our forecasts at this time.
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N+1 Singer - Abzena - Notification of claim
Abzena (ABZA:LON) | 0 0 (-0.9%) | Mkt Cap: 54.0m
- Published:
29 Aug 2017 -
Author:
Dr Jens Lindqvist -
Pages:
3
Abzena has been notified of a complaint filed with the Superior Court of the State of California, in respect of claims relating to an issue that arose prior to Abzena’s acquisition of PacificGMP in 2015. The claim (which was referenced in the Circular on 5th April 2017) is minor in nature, and Abzena does not currently expect the potential liability incl. costs to exceed the $1.5m currently held in escrow. We are not making any changes to our forecasts at this time.