Form 8-K - Current report
January 18 2024 - 4:25PM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): January 12, 2024
Adhera
Therapeutics, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
000-13789 |
|
11-2658569 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
8000
Innovation Parkway
Baton
Rouge, LA |
|
70820 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(919)-518-3748
Registrant’s
telephone number, including area code
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act: None
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.02 Termination of a Material Definitive Agreement.
On
January 12, 2024, Adhera Therapeutics, Inc. (the “Company”) received written notice from Melior Pharmaceuticals II, LLC (“Melior”)
of Melior’s election to terminate the License Agreement (the “Agreement”) dated July 28, 2021, by and between the Company
and Melior with respect to the development, commercialization, and exclusive license of MLR-1019, a new class of therapeutic for Parkinson’s
disease. The termination of the Agreement was effective on January 12, 2024. According to Melior’s termination notice, Melior determined,
pursuant to the terms of the Agreement, that Adhera failed to continue commercially reasonable efforts.
Under
the Agreement, the Company was granted an exclusive license to use Melior patents and know-how to develop products in consideration for
cash payments upon meeting certain performance milestones as well as a royalty of 5% of gross sales. The foregoing material terms of
the Agreement is not complete and is qualified in its entirety by reference to the full text thereof, a copy of which was filed in the
Company’s Form 8-K with the Securities and Exchange Commission on August 4, 2021.
Item
9.01 Financial Statements and Exhibits
|
|
|
|
Incorporated
by Reference |
|
|
|
Filed
or
Furnished |
Exhibit
# |
|
Exhibit
Description |
|
Form |
|
Date |
|
Number |
|
Herewith |
10.1 |
|
License
Agreement |
|
8-K |
|
08/03/2023 |
|
10.1 |
|
|
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
|
|
|
|
|
|
|
|
SIGNATURES
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.
|
Adhera
Therapeutics, Inc. |
|
|
|
Date:
January 18, 2024 |
|
|
|
By: |
/s/
Andrew Kucharchuk |
|
Name: |
Andrew
Kucharchuk |
|
Title: |
Chief
Operating Officer |
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