RLFTF - Relief NRx extend time to settle litigation over COVID-19 therapy aviptadil
- Relief Therapeutics ( OTCQB:RLFTF ) ( OTCQB:RLFTD ) and NRx Pharmaceuticals ( NASDAQ: NRXP ) extended the stay of their pending litigation until Nov. 11 to get more time to finalize a settlement.
- The companies have been embroiled in litigation over experimental COVID-19 therapy Zyesami (aviptadil) and in August agreed to discuss a tentative settlement.
- Relief on Tuesday said that while the parties are far along in their negotiation of settlement documents, no final agreements have been reached and there can be no assurance that a proposed settlement will be successfully completed.
- In April, Relief had said that it entered a stipulation to stay the proceedings in its pending litigation with NRx's unit NeuroRx, and Jonathan Javitt to allow the parties to attempt to seek to mediate their dispute.
- NRXP +7.35% to $0.95 premarket Nov. 8
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Relief, NRx extend time to settle litigation over COVID-19 therapy aviptadil