litigation
confidence high
sentiment neutral
materiality 0.35
Galera settles Phase 3 ROMAN trial CRO lawsuit for $975,000
Galera Therapeutics, Inc.
- Settlement with Alira Health Clinical and IQVIA Biotech resolves breach-of-contract and negligence claims.
- CROs paid $975,000 in exchange for mutual releases and termination of contracts with no further obligations.
- Lawsuit stemmed from a 2021 error in statistical programming for the Phase 3 ROMAN trial of avasopasem.
- Galera expects to file a Praecipe to end the litigation by August 8, 2024.