Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCES

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COMMITMENTS AND CONTINGENCES
6 Months Ended
Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCES

10. COMMITMENTS AND CONTINGENCES

 

Litigation Matters

 

Other than lawsuits related to the enforcement of our patent rights, we are not a party to any material pending legal proceedings, nor are we aware of any pending litigation or legal proceeding against us that would have a material adverse effect upon our results of operations or financial condition.

 

Research & Development Agreements

 

We have entered into certain research and development agreements with various third-party vendors related to the manufacturing and stability testing of the materials necessary for the development of our breast cancer vaccine and our CAR-T therapeutic. As of April 30, 2024, future payments the Company may make under these agreements, dependent upon, among other things, development of analytical methods, formulation feasibility studies, stability testing, and results of manufacturing processes, may be approximately $3.7 million and such payments may be made over up to a five-year period.