DRI Healthcare Exercises Put Option for $178M Payout

Dow Jones

Jul 10

DRI Healthcare Trust is cashing out of its royalty investment in the drug Ekterly for about $178 million.

The Toronto-based pharmaceutical royalty company said Friday that it exercised its contractual put option in connection with the completion of Chiesi Group's acquisition of KalVista Pharmaceuticals.

A put option gives the holder the right, but not the obligation, to sell an asset back to the issuer at a specified price, which in this case DRI exercised.

The company expects to receive the payment no later than mid-August, it said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 10, 2026 09:46 ET (13:46 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HCSG","symbol_name":"Healthcare Svcs Group Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650331651","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650331651","pubTimestamp":1783691160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"DRI Healthcare Trust is cashing out of its royalty investment in the drug Ekterly for about $178 million.The Toronto-based pharmaceutical royalty company said Friday that it exercised its contractual put option in connection with the completion of Chiesi Group's acquisition of KalVista Pharmaceuticals.A put option gives the holder the right, but not the obligation, to sell an asset back to the issuer at a specified price, which in this case DRI exercised.The company expects to receive the payment no later than mid-August, it said.Write to Adriano Marchese at adriano.marchese@wsj.com Dow Jones NewswiresJuly 10, 2026 09:46 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HCSG":"Healthcare Svcs Group Inc","BK4581":"高盛持仓","XLV":"健康照护类股ETF-SPDR","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","XBI":"SPDR S&P Biotech ETF","BK4504":"桥水持仓","DRI":"达登饭店","BK4137":"综合支持服务","LABU":"三倍做多标普生物-Direxion","BK4209":"餐馆","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","BK4585":"ETF&股票定投概念","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","BK4588":"碎股"},"translate_title":"DRI Healthcare 行使 1.78 亿美元派息的看跌期权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HCSG":1.5,"DRI":1.5,"XLV":1.5,"XBI":0.6,"LABU":0.6},"content_text":"DRI Healthcare Trust is cashing out of its royalty investment in the drug Ekterly for about $178 million. \n\n\n  The Toronto-based pharmaceutical royalty company said Friday that it exercised its contractual put option in connection with the completion of Chiesi Group's acquisition of KalVista Pharmaceuticals. \n\n\n  A put option gives the holder the right, but not the obligation, to sell an asset back to the issuer at a specified price, which in this case DRI exercised. \n\n\n  The company expects to receive the payment no later than mid-August, it said. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 10, 2026 09:46 ET (13:46 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}