DRI Healthcare Announces Exercise of Put Option on EKTERLY®

About this update from Dri Healthcare Trust

DRI Healthcare Announces Exercise of Put Option on EKTERLY® /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire TORONTO, July 10, 2026 /CNW/ - DRI Healthcare Trust (TSX: DHT.UN) ((TSX: DHT.U) ("DRI Healthcare") today announced that it has exercised its contractual put option (the "Put Option") with respect to DRI Healthcare's royalty participation right in EKTERLY® (sebetralstat) for a total net repurchase price of approximately US$178 million ("Put Price"). The Put Option has been exercised in connection with the completion of Chiesi Group's acquisition of KalVista Pharmaceuticals, Inc. on June 11, 2026. Subject to the terms of the royalty agreement, DRI Healthcare expects to receive payment no later than mid-August."We are pleased with the outcome of DRI Healthcare's first pre-approval transaction. Exercising our put option at this juncture allows us to crystallise an attractive return for our unitholders. The proceeds represent a strong outcome for DRI Healthcare and reflect the quality of our underwriting" said Ali Hedayat, Chief Executive Officer of DRI Healthcare."We congratulate Chiesi Group and KalVista on a transformative transaction. We look forward to redeploying these proceeds into the biopharmaceutical industry in a manner that generates long-term value for our unitholders" added Navin Jacob, Chief Investment Officer of DRI Healthcare.About DRI HealthcareDRI Healthcare is a pioneer in global pharmaceutical royalty monetization. Since our founding in 1989, we have deployed more than $3.0 billion, acquiring more than 75 royalties on 50-plus drugs, including Ekterly, Eylea, Keytruda, Orserdu, Remicade, Spinraza, Stelara, Vonjo and Zytiga. DRI Healthcare's units are listed and trade on the TSX in Canadian dollars under the symbol "DHT.UN" and in U.S. dollars under the symbol "DHT.U". To learn more, visit drihealthcare.com or follow us on LinkedIn.Caution concerning forward-looking statementsThis news release may contain forward-looking information within the meaning of applicable securities legislation including statements regarding the timing of and receipt of the Put Price, the expected use of proce...

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