LAVA Therapeutics (LVTX) announced that the Netherlands Enterprise Agency granted a full waiver of the final payment obligation related to the Innovation Credit, in the amount of $5.1 million. “As part of LAVA’s ongoing strategic review, we have implemented a targeted cost optimization initiative to enhance operational efficiency and financial flexibility,” said Steve Hurly, Chief Executive Officer of LAVA. “Securing the $5.1 million repayment waiver is a significant milestone in this effort. This waiver strengthens our balance sheet by eliminating this outstanding debt obligation. We are grateful for the opportunity to work with the RVO and be part of the Innovation Credit program.”
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