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Frankestin

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Frankestin

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Friday, 01/09/2026 3:16:21 AM

Friday, January 09, 2026 3:16:21 AM

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Debt ceases to be an asset for the creditor when recoverability becomes uncertain, prompting the creditor to accept $2.0 million in cash and contingent milestone-based consideration in exchange for extinguishing approximately $5.4 million of outstanding legal liabilities.
Everything now hinges on whether Beijing Trimmune Biotech Co., Ltd. pays the license fee by February, assuming no additional licenses are sold in the interim.
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