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BTG ordered to pay $55.8m damages

20 September 2017 09:33

BTG has been ordered to pay damages of $55.8m after a court ruled that the group had breached a distribution agreement with Wellstat Therapeutics Corporation concerning the commercialisation of Vistogard.

The Court of Chancery of Delaware ruled that Wellstat was entitled to damages of $55.8m plus interest and costs.

BTG said it was surprised and disappointed by the opinion and was considering options, which include appealing the ruling and level of damages awarded.

At 9:33am: (LON:BTG) BTG PLC share price was -6p at 661p

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