debt
confidence high
sentiment neutral
materiality 0.65
Citius Oncology restructures $14.1M payment obligation to Eisai for LYMPHIR milestone and development costs
CITIUS ONCOLOGY, INC.
- Total owed: $5.9M milestone payment plus $8.23M in development and inventory costs.
- Payment schedule: $2.535M due July 15, 2025; then four monthly $2.35M payments; final $2.198M due Dec 15, 2025.
- Interest at 2% per annum accrues from original due dates until actual payment.
- Parties release each other from claims related to past non-payment; License Agreement otherwise unchanged.