Stem Cell News, page-445

Perhaps you may want to check the parties here:
there's FujiFilm Corporation
and also FujiFilm Cellular Dynamics.

The original agreement was with FujiFilm Corporation.

Looking at the recent acquisitions done by FujiFilm Corporation as well as their Corporate Presentations since 2015, you may see a change, away from "hands-on" development to outsourcing/CDMO. The writing has been on the wall, but the amendments to the sub-sub-licensing gave me the impression that this will allow for the license to be passed down the "umbrella", which wasn't the case.

The quote of Ross's comment is in my opinion not the most unfortunate one. Rather:
“Fujifilm’s decision to exercise its licence option in graft-versus-host disease is a clear validation of our Cymerus platform technology solution for manufacturing mesenchymal stem cell at scale,” Cynata chief executive officer Dr Ross Macdonald said.
https://**promotion blocked**.com.au/fujifilm-commercialise-cynata-therapeutics-mesenchymal-stem-cell-technology/

Btw, I have passed on that quote to all Board members after the event to remind them.

Given the context of FF walking away - albeit with an oversized bandaid of US$5 million - where does that leave FF's "validation of our Cymerus platform technology"?

That's where progress needs to be made - partnerships (and I am not talking about universities) - to validate.

I have suggested a crash-course in Danish. Knowing our luck, at the next AGM we will be offered some homemade baked goods instead of a NN partnership. But who knows.