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16/09/15
09:35
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Originally posted by railroadman
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This was out under the Biodel news on Yahoo F. From their last cc I guess this was expected.
Could be many reasons for this. Thoughts/comments would be welcomed. RRM
Form 8-K for BIODEL INC
15-Sep-2015
Other Events
Item 8.01 Other Events.
On September 11, 2015, Biodel Inc. ("Biodel") filed a complaint in Superior Court in the State of Connecticut (Judicial District of Danbury) against Unilife Medical Solutions, Inc. ("Unilife"), a wholly owned subsidiary of Unilife Corporation (the "Complaint"). The Complaint contains two counts. The First Count seeks injunctive relief pending arbitration of certain contract claims relating to Biodel's glucagon emergency management ("GEM") program. The Second Count seeks compensatory and punitive damages from Unilife based on its alleged violation of the Connecticut Unfair Trade Practices Act ("CUTPA") in connection with the GEM program.
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{Sigh} so as i said previously. ..seems like the missing cash burn that Markey was so inquisitive about wasnt a penalty payment etc but appears its on the cards.
Not great timing to have one of earliest adopters cracking the sads with us