other material
confidence high
sentiment neutral
materiality 0.50
Citius Pharma obtains partial deferral of milestone payment to Dr. Reddy's under LYMPHIR deal
Citius Pharmaceuticals, Inc.
- Dr. Reddy's agreed to partial deferral without penalty of a milestone payment due Sep 9, 2024.
- Milestone was triggered by FDA approval of LYMPHIR under the 2021 Asset Purchase Agreement.
- Payment is by Citius Oncology, Inc.; Citius Pharmaceuticals, Inc. remains guarantor.
- All other terms and conditions of the Asset Purchase Agreement remain unchanged.