Komori
Business alliance4596Kubota Pharmaceutical Holdings Co.,Ltd.Pharmaceuticals

Notice of Receipt of Milestone Payment Related to the Manufacture of Emixustat Hydrochloride

Under an agreement for the supply of emixustat hydrochloride to designated patients in France, the provision of documentation related to the manufacture of the active pharmaceutical ingredient has been completed, and the first milestone payment has been received. The amount received is contractually undisclosed, and the timing of revenue recognition and the possibility of a refund will be determined going forward.

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Agreements reached under this partnership

Business alliance
4596Kubota Pharmaceutical Holdings Co.,Ltd.
Alliance partnerLaboratoires KÔL
Details of the alliance
  1. 1

    To provide emixustat hydrochloride under a compassionate-use program for designated patients in France

  2. 2

    Supply and licensing of emixustat hydrochloride

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

Acquisition priceContractually undisclosed
About the partner
LocationClermont-Ferrand, France
Impact on Business Performance

The accounting treatment of this matter, including the items described above, is currently under discussion with the audit firm, and its impact on the Company's results is currently being examined.

Contract Date2 March 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partnerLaboratoires KÔL
Alliance partner's locationClermont-Ferrand, France
Type of allianceBusiness alliance
Details of the allianceTo provide emixustat hydrochloride under a compassionate-use program for designated patients in France, Supply and licensing of emixustat hydrochloride
Acquisition priceContractually undisclosed
Contract Date2 March 2026
Impact on Business PerformanceThe accounting treatment of this matter, including the items described above, is currently under discussion with the audit firm, and its impact on the Company's results is currently being examined.
Items this document does not state (16)
Alliance partner's business activitiesAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The provision of the necessary manufacturing-related documentation to KÔL has been completed in preparation for starting the manufacture of the active pharmaceutical ingredient in compliance with clinical GMP and preparing an application to the French regulatory authorities for compassionate-use approval.

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Notice of Receipt of Milestone Payment Related to the Manufacture of Emixustat Hydrochloride | Kubota Pharmaceutical Holdings Co.,Ltd. (4596) timely disclosure | Komori