Cogent signs 5-year bezuclastinib supply deal
Cogent Biosciences establishes a long-term commercial supply arrangement with Hovione for manufacturing bezuclastinib formulations under a renewable multi-year agreement.
Rhea-AI Filing Summary
Cogent Biosciences, Inc. (COGT) entered into a Commercial Supply Agreement with Hovione FarmaCiencia S.A. to manufacture bezuclastinib spray-dried dispersion and tablet Product for the company. Cogent will provide rolling quarterly forecasts and commit to purchase minimum percentages of its Product requirements from Hovione, with these percentages decreasing over time.
The agreement has an initial five-year term and then renews automatically in successive two-year periods, unless either party gives written notice a specified time before a renewal. Both Cogent and Hovione may also terminate in specified situations, including uncured breach, prolonged force majeure, insolvency, or certain regulatory or legal developments affecting the Product or its manufacture.
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8-K Event Classification
Key Figures
Key Terms
Commercial Supply Agreement regulatory
spray-dried dispersion technical
force majeure regulatory
FAQ
What agreement did Cogent Biosciences (COGT) announce with Hovione?
What products are covered by Cogent Biosciences’ (COGT) new supply agreement?
How long is the initial term of Cogent Biosciences’ (COGT) Commercial Supply Agreement with Hovione?
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Under what circumstances can the Cogent Biosciences (COGT) supply agreement with Hovione be terminated?
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