litigation
confidence high
sentiment negative
materiality 0.60
Inhibikase receives arbitration demand for $1.625M from Pivot over milestone payments
Inhibikase Therapeutics, Inc.
- Pivot Holding LLC, successor to Sphaera Pharma, demands $1.625 million plus interest for alleged breach of 2012 collaboration agreement.
- Company believes claims are without merit and will vigorously dispute; intends to assert counterclaims.
- Arbitration proceeding administrated by American Arbitration Association; no timeline for resolution disclosed.