Curis sells Erivedge royalty interest for $2.5M; pro forma shows $28M gain

CURIS INC

Sold Curis Royalty LLC to Oberland Capital for $2.5M upfront plus release of $28.6M liability.
Pro forma 9M 2025 net loss of $33.2M vs reported $26.9M due to eliminated revenue.
Company to recognize ~$28M gain in Q4 2025 on extinguishment of liability.
Future Erivedge license revenue eliminated; company no longer entitled to royalties.
Pro forma cash $11.5M vs reported $9.1M; total assets reduced to $26.8M.

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