Brief: Novacyt Announces Settlement Of DHSC Dispute

Novacyt SA

11/06/2024 07:39

June 11 (Reuters) - Novacyt SA  ALNOV.PA :
    * SETTLEMENT OF THE DISPUTE WITH THE DHSC
    * ANNOUNCES THAT PARTIES HAVE REACHED A COMMERCIAL
SETTLEMENT OF
ALL CLAIMS AND COUNTERCLAIMS IN THE HIGH COURT PROCEEDINGS
PREVIOUSLY DISCLOSED BY THE COMPANY
    * TERMS ARE THE COMPANY PAYS £5 MILLION TO THE DEPARTMENT OF
HEALTH AND SOCIAL CARE
    * TRIAL LISTED TO BEGIN THIS WEEK WILL THEREFORE NOT TAKE
PLACE
    * NEITHER PARTY HAS MADE ANY ADMISSION OF LIABILITY OR
WRONGDOING
IN RESPECT OF THE CLAIM OR COUNTERCLAIM OR OTHERWISE

Source text: https://tinyurl.com/y449uym4
Further company coverage:  ALNOV.PA 

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