Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Legal Ruling

20th Sep 2017 07:00

RNS Number : 2225R
BTG PLC
20 September 2017
 

BTG plc: legal ruling

 

London, UK, 20 September 2017: BTG plc (LSE: BTG), the global specialist healthcare company, announces that a Memorandum Opinion has been issued by the Court of Chancery of Delaware ruling against BTG in its previously announced litigation with Wellstat Therapeutics Corporation concerning the commercialisation of Vistogard®. The Court has found that BTG has breached the distribution agreement and that Wellstat is entitled to damages of $55.8m plus interest and costs.

 

BTG is surprised and disappointed by the Opinion and is considering options, which include appealing the ruling and level of damages awarded.

 

For further information contact

 

BTG

Andy Burrows, VP Corporate & Investor Relations

+44 (0)20 7575 1741; Mobile: +44 (0)7990 530 605

 

Stuart Hunt, Investor Relations Manager

+44 (0)20 7575 1582; Mobile: +44 (0)7815 778 536

 

Chris Sampson, Corporate Communications Director

+44 (0)20 7575 1595; Mobile: +44 (0)7773 251 178

 

FTI Consulting

Ben Atwell/Simon Conway

+44 (0)20 3727 1000

 

About BTG

 

BTG is a global specialist healthcare company bringing to market innovative products in specialist areas of medicine to better serve doctors and their patients. We have a portfolio of Interventional Medicine products to advance the treatment of cancer, severe emphysema, severe blood clots and varicose veins, and Specialty Pharmaceuticals that help patients overexposed to certain medications or toxins. Inspired by patient and physician needs, BTG is investing to expand its portfolio to address some of today's most complex healthcare challenges. To learn more about BTG, please visit: btgplc.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAENNFDFXEAF

Related Shares:

BTG
FTSE 100 Latest
Value8,494.85
Change31.39