Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CYCC And CELG Settlement

|Includes: CELG, Cyclacel Pharmaceuticals, Inc. (CYCC)

After speaking w/ management this AM, I'd like to confirm/clarify that the $5.5M payment by CELG has settled the case and includes the sale of patents. No further monies will be due.

My view is this type of settlement could encourage future development / partnership work together and removes any overhang from the main focus of developing their pipeline. I continue to believe the stock is very overlooked/undervalued, especially relating to the advanced pipeline and multiples vs. peers and should look to head into teens throughout 2013.