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Emisphere Technologies announces extension of maturity date for Novartis convertible promissory note.
Emisphere Technologies Inc (Emisphere) announced that Novartis Pharma AG (Novartis) has agreed to extend the maturity date of Emisphere's Convertible Promissory Note to 26 Feb 2010. The $10 M original principal amount Note, plus interest accrued to date, was originally issued to Novartis on 1 Dec 2004 in connection with the Research Collaboration and Option Licence Agreement between the parties of that date and was originally due on 1 Dec 2009. Emisphere is a …
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