other_material
confidence high
sentiment positive
materiality 0.78
Kala Bio pays $2M to settle $10.6M Oxford debt; loan obligations fully satisfied
KALA BIO, Inc.
- Paid Oxford Finance $2 million on Dec 26, 2025 under prior Settlement Agreement.
- Payment settles and releases aggregate liability of approximately $10.6 million under Loan Agreement.
- All obligations under Settlement Agreement and Loan Agreement are now satisfied.
- Settlement resolves prior events of default by Kala Bio and subsidiary Combangio, Inc.