BRIEF-TNBC Project Contractor Terminates Agreement With GLG Pharma

Dec 7 (Reuters) - GLG PHARMA SA:

* SAID ON THURSDAY THAT IT HAS RECEIVED A TERMINATION OF AGREEMENT WITH INSTITUTE OF INDUSTRIAL ORGANIC CHEMISTRY REGARDING TNBC PROJECT

* AS A REASON THE INSTITUTE CITES LACK OF DUE PAYMENT

* CO SAYS PLANS TO MAKE A PAYMENT ONCE IT HAS RECEIVED FURTHER ADVANCE ON SUBSIDY PAYMENT, WILL INTEND TO TAKE ACTION TO RESUME COOPERATION WITH THE INSTITUTE

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)