Sep. 3 at 4:54 PM
$FBIO $FBIOP I also believe this now after Fortress CEO said during the HCW presentation on May 7 that they would repay all loans in 2025, and that in Q2 we saw that the total loan cost to Oaktree decreased from
$35.35M in Q1 to
$30.369M in Q2. So even though they only had to pay the interest (read substack part 1, I think), they still paid back parts of the loan even though the
$CKPT deal closed quite late in Q2.
However, I would not rule out that in the event of CUTX-101 approval and PRV sales, perhaps a little illogically, as I have mentioned before, you still wait for the Q3 reporting (even if you do not need TTM of
$57.5M then). I think the CEO has hinted for quite some time now that they are looking at new acquisitions and then the Oaktree loan may be worth keeping until the CUTX-101 milestones (note, not royalties) come in.