Abzena settles with Stanford University over claims against PacificGMP
March 5, 2018Abzena has settled with Stanford University about the claims against PacificGMP.
Abzena said that, since the acquisition of PacificGMP, $1.5 million has been held in escrow to cover the anticipated costs to resolve this matter. These funds are expected to be sufficient to cover the settlement including related costs.
Abzena added that it has already factored any manufacturing work arising from this settlement into its capacity utilisation plans and therefore no material impact to its business is anticipated to the operation of its business.
