SIRONA BIOCHEM WKN: A0RM6R ISIN: CA82967M1005 Kürzel: ZSB Forum: Aktien Thema: Hauptdiskussion
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Manufacturing and Supply Agreement with Rodan & Fields, LLC (“R&F”) On September 13, 2019, the Company entered into a manufacturing and supply agreement, pursuant to which the Company shall manufacture, test, label, package, store and supply R&F a minimum of 10 kilograms per year of skin lightening compound TFC-1067 for use in the United States, Canada, Australia and Japan for US$8,000 per kilogram beginning in 2020. In consideration for these services, R&F shall also make the following license fee and milestone payments to the Company: i. US$50,000 ($67,225) license fee on signing of the agreement (recorded as revenue in fiscal 2019 and receivable at October 31, 2019); ii. US$50,000 milestone payment on the launch of the first finished skincare product which includes TFC-1067; and iii. a US$50,000 milestone payment for each additional finished skincare product launched containing TFC-1067. After receipt of an invoice, R&F will pay the Company within net 15 days -2% or 60 days. This agreement runs for a five-year term, with R&F having the option to extend the term for an additional three years, and is cancellable upon R&F providing the Company 30 days’ written notice. On termination of the agreement, R&F will reimburse the Company for any materials unique to R&F and which remain in the Company’s possession. . . . (Quelle Sedar)
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| 3 | BYD Hauptdiskussion | ±0,00 % | |
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