debt
confidence high
sentiment neutral
materiality 0.60
Citius Oncology amends license agreement with Eisai, defers $8.2M in LYMPHIR payments to 2025
Citius Pharmaceuticals, Inc.
- Total obligations owed to Eisai: $8,233,209.77 including $5.9M milestone and $2.33M development/inventory costs.
- Payment schedule: $2,535,317.77 by July 15, 2025; four monthly $2.35M payments; final $2,197,892.07 by Dec 15, 2025.
- Interest at 2% per annum on delayed amounts from original due dates.
- Parties released each other from claims related to late payment of milestone and other costs.