debt
confidence high
sentiment positive
materiality 0.60
Iterum extends $20M Pfizer milestone payment to Oct 2029; interest rises to 10%
Iterum Therapeutics plc
- $20M regulatory milestone due Oct 2026 extended to Oct 2029 via amended promissory note.
- Interest rate increases from 8% to 10%, compounded daily, starting Oct 26, 2026.
- ITIL pays Pfizer a transaction fee plus legal expenses; no senior debt or liens without Pfizer consent.
- CEO says extension allows capital to be invested in ORLYNVAH launch and geographic expansion.