Mithra Pharma Files for Bankruptcy, Continues Richter Talks

Mithra announced the opening of the bankruptcy procedure of Mithra Pharmaceuticals.

• Mithra Pharmaceuticals continues negotiations with Gedeon Richter relating to the sale of all shares in Neuralis and Estetra held by Mithra Pharmaceuticals and specific assets of Mithra R&D relating to the manufacture of estetrol
• Deal with Richter is expected to be signed and completed as soon as reasonably possible
• Transaction won’t create any value for Mithra Pharmaceuticals holders
• Mithra CDMO and Novalon entities aren’t affected by the bankruptcy
  • They are subject to separate reorganization proceedings, which should be extended until June 30, subject to court approval
• NOTE: June 4, ...