0000000000-22-008342.txt : 20220922 0000000000-22-008342.hdr.sgml : 20220922 20220808073006 ACCESSION NUMBER: 0000000000-22-008342 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220808 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Mereo Biopharma Group plc CENTRAL INDEX KEY: 0001719714 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: ONE CAVENDISH PLACE STREET 2: FOURTH FLOOR CITY: LONDON STATE: X0 ZIP: W1G0QF BUSINESS PHONE: 4403330237300 MAIL ADDRESS: STREET 1: ONE CAVENDISH PLACE STREET 2: FOURTH FLOOR CITY: LONDON STATE: X0 ZIP: W1G0QF LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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MK=F3;U&QORO@[5H"3,+4,#D4YPDI&C^\]_.7^H) M_RX*96YD7!E+T-A=&%L;V)R5D5%KPC 4A?_*_0,C3:KM!"G8H2]#)E5P M(#[$]E(RUD1,"_KO=ZXBLJ=-".1>[N$[YR8Y):1Q1@FE9-*<1I1J0QFEKQE- MI^HM^)Y]'VD,8:4VER.KE6U951S#<*HY0K2 2"X-AJ@6!A@41:$^/PY?7,O4 M=:TF,E@/AUZ@ M0M8WON!4:2-?BXWK.+Y4H;->S7T=&N=;M75^YJ.[]T^ARO#=_$%Z=TW%LP(#$T72])1"!;/&4Y93 R"1=0(BQLB8>P3( MS?W$ +__P, *9L*H IE;F1S=')E86T*96YD;V)J"B5I5&5X="TU+C0N-0IS 5=&%R='AR968*,C@W,#$*)25%3T8* end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo August 5, 2022 Christine Fox Chief Financial Officer Mereo Biopharma Group plc One Cavendish Place 4th Floor London, W1G 0QF United Kingdom Re: Mereo Biopharma Group plc Form 20-F for the Fiscal Year Ended December 31, 2021 Filed March 31, 2022 File No. 001-38452 Dear Ms. Fox: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 20-F for the Fiscal Year Ended December 31, 2021 Notes to the Consolidated Financial Statements 13. Intangible Assets, page F-23 1. Please explain to us the differences between your out-license agreements with Ultragenyx and OncXerna that resulted in the application of different accounting policies. In this regard, it appears that in both cases you out-licensed the rights to one of your acquired development programs. With respect to the Ultragenyx license agreement, you recognized the upfront licensing payment received as revenue, but with respect to the OncXerna license agreement, you treated the transaction as the disposal of an intangible asset and recognized a loss on disposal. Please cite the authoritative literature upon which you relied in making your accounting determinations for each of these license agreements. Christine Fox FirstName LastNameChristine Mereo Biopharma Group plc Fox Comapany August NameMereo Biopharma Group plc 5, 2022 August Page 2 5, 2022 Page 2 FirstName LastName In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Tracie Mariner at (202) 551-3744 or Angela Connell, Accounting Branch Chief, at (202) 551-3426 with any questions. Sincerely, Division of Corporation Finance Office of Life Sciences