AVE 50.0% 0.3¢ avecho biotechnology limited

“Meanwhile, the Licensing Agreement continues in full force and...

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  1. 427 Posts.
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    “Meanwhile, the Licensing Agreement continues in
    full force and effect pending the Arbitrator's decision”.


    So there is a licensing agreement from the Agila days. My guess is that Mylan has interpreted the agreement in a different way to how POH originally intended. So the arbitration is over how much of the pie POH will get. They will obviously get a slice of a very big pie its just a matter of how much.

    This announcement was probably done on the fly because of the ASX speeding ticket. I imagine that the next newsletter in Jan/Feb will have some sort of clarification on the arbitration. Plus we can expect a quarterly shareholders conference call at this time to hopefully get some questions answered.

    Meanwhile the share price languishes.
 
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