Feb 25 2010
Emisphere Technologies, Inc. (OTC BB: EMIS), a biopharmaceutical company
that focuses on a unique and improved delivery of pharmaceutical
compounds and nutritional supplements using its Eligen®
Technology, today announced that Novartis Pharma AG has agreed to
further extend the maturity date of Emisphere’s Convertible Promissory
Note (the “Note”) to May 26, 2010. The $10 million original principal
amount Note, plus interest accrued to date, was originally issued to
Novartis on December 1, 2004 in connection with the Research
Collaboration and Option License Agreement between the parties of that
date and was originally due on December 1, 2009.
Source:
Emisphere Technologies, Inc.