Brief: Rockwell Medical Reacquires Distribution Rights For Its Hemodialysis Concentrates Business From Baxter

Rockwell Medical

09/11/2022 11:06

Nov 9 (Reuters) - Rockwell Medical Inc  RMTI.O :
    * ROCKWELL MEDICAL REACQUIRES DISTRIBUTION RIGHTS FOR ITS
HEMODIALYSIS CONCENTRATES BUSINESS FROM BAXTER
    * ROCKWELL MEDICAL INC - AGREED TO TERMINATE EXCLUSIVE
DISTRIBUTION AGREEMENT DATED OCTOBER 2, 2014
    * ROCKWELL MEDICAL INC - EXCLUSIVITY AND OTHER PROVISIONS
ASSOCIATED WITH DISTRIBUTION AGREEMENT TERMINATE NOVEMBER 9,
2022
    * ROCKWELL MEDICAL INC - REMAINING OPERATIONAL ELEMENTS OF
AGREEMENT TERMINATE DECEMBER 31, 2022
    * ROCKWELL MEDICAL INC - WILL PAY BAXTER FEE FOR
REACQUISITION OF
DISTRIBUTION RIGHTS, IN TWO EQUAL INSTALLMENTS ON JAN 1, 2023
AND APRIL 1, 2023
    * ROCKWELL MEDICAL INC - ROCKWELL EXPECTS TO ACHIEVE
PROFITABILITY
IN 2024
    * ROCKWELL MEDICAL - IF SUCCESSFUL IN ACHIEVING
PROFITABILITY IN
2024, EXPECTS CASH BALANCE WILL BE SUFFICIENT TO FUND OPERATIONS
GOING FORWARD

Source text for Eikon:  ID:nBw8sNggNa 
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 ((Reuters.Briefs@thomsonreuters.com;))