Brief: Kamada Reports Discussions With Takeda Regarding A Potential Extension Of The Period For The Transition Of Glassia Manufacturing To Takeda

Kamada

08/08/2019 14:37

Aug 8 (Reuters) - Kamada Ltd  KMDA.TA :
    * KAMADA REPORTS DISCUSSIONS WITH TAKEDA REGARDING A
POTENTIAL
EXTENSION OF THE PERIOD FOR THE TRANSITION OF GLASSIA
MANUFACTURING TO TAKEDA
    * KAMADA LTD - GLASSIA SUPPLY AGREEMENT WITH TAKEDA
CURRENTLY
EXTENDS THROUGH END OF 2020
    * KAMADA LTD - TRANSITION OF GLASSIA MANUFACTURING TO TAKEDA
AFTER
2020 WILL RESULT IN A SIGNIFICANT REDUCTION OF KAMADA'S REVENUES
    * KAMADA LTD - BASED ON CURRENT TERMS OF SUPPLY AGREEMENT,
KAMADA
WOULD BE ENTITLED TO FUTURE ROYALTY PAYMENTS UNTIL 2040.

Source text for Eikon:  ID:nGNX8mKCv0 
Further company coverage:  KMDA.TA 

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