Citius Oncology Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement
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Item 1.01. Entry into a Material Definitive Agreement.
Pending further discussions with Dr. Reddy’s Laboratories SA, a subsidiary of Dr. Reddy’s Laboratories, Ltd. (collectively, “Dr. Reddy’s”), Dr. Reddy’s agreed to a partial deferral without penalty of a milestone payment by Citius Oncology, Inc. (the “Company”), which was triggered upon regulatory approval of LYMPHIRTM by the U.S. Food and Drug Administration and due on September 9, 2024, pursuant to the terms of the Asset Purchase Agreement, dated as of September 1, 2021, between Dr. Reddy’s and Citius Pharmaceuticals, Inc. (the “Asset Purchase Agreement”).
Except as set forth above, all other terms, conditions and rights of the Asset Purchase Agreement remain in full force and effect, which description was incorporated by reference into Current Report on Form 8-K filed by the Company on August 16, 2024.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CITIUS ONCOLOGY, INC. | |
| Date: September 13, 2024 | /s/ Leonard Mazur |
| Leonard Mazur | |
| Chairman and Chief Executive Officer |
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