Citius Pharmaceuticals 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., 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”). Citius Pharmaceuticals, Inc. (the “Company”) is a guarantor of the obligations of Citius Oncology, Inc. under 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 was described in the Current Report on Form 8-K filed by the Company on September 7, 2021 and was filed as an exhibit to the Annual Report on Form 10-K filed by the Company on December 15, 2021.
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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 Pharmaceuticals, Inc. | |
| Date: September 13, 2024 | /s/ Leonard Mazur |
| Leonard Mazur | |
| Chairman and Chief Executive Officer |
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