Brief: Tricida Says Co & Patheon Austria GmbH & Co KG Entered Into Binding Term Sheet To Amend Some Terms Of Manufacturing & Commercial Supply Agreement

Tricida

02/03/2021 22:02

March 2 (Reuters) - Tricida Inc  TCDA.O :
    * TRICIDA - ON FEB 26, CO & PATHEON AUSTRIA GMBH & CO KG
ENTERED
INTO BINDING TERM SHEET TO AMEND SOME TERMS OF MANUFACTURING &
COMMERCIAL SUPPLY AGREEMENT
    * TRICIDA - UNDER BINDING TERM SHEET CO TO PAY PATHEON FOR
EXPENSES OUTSIDE SCOPE OF AGREEMENT INCURRED BY PATHEON IN 2
MOST RECENT MANUFACTURING CAMPAIGNS
    * TRICIDA INC - CERTAIN RAW MATERIAL COSTS WILL BE ALLOCATED
BETWEEN TRICIDA AND PATHEON AS OUTLINED IN BINDING TERM SHEET
    * TRICIDA INC - PURSUANT TO BINDING TERM SHEET START OF NEXT
SCHEDULED MANUFACTURING CAMPAIGN WILL BE DELAYED TO BEGIN LATER
IN 2021
    * TRICIDA INC - UNDER BINDING TERM SHEET INITIAL TERM OF
AGREEMENT, INCLUDING SUPPLY AND PURCHASE OBLIGATIONS, WILL BE
EXTENDED BY TWO YEARS TO 2032
    * TRICIDA - DEFERRAL OF PREVIOUSLY SCHEDULED MANUFACTURING
CAMPAIGNS IS EXPECTED TO RESULT IN CASH SAVINGS FOR CO OF ABOUT
$48.0 MILLION THROUGH END OF 2022

Source: (https://bit.ly/3031jUk)
Further company coverage:  TCDA.O 

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