Precigen signs Catalent deal for PAPIZEMOS supply
Precigen, Inc. entered into a Commercial Supply Agreement with Catalent Maryland, Inc. for the commercial manufacture of PAPIZEMOS.
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Rhea-AI Filing Summary
Precigen, Inc. entered into a Commercial Supply Agreement with Catalent Maryland, Inc. for the commercial manufacture of PAPIZEMOS. Under the agreement, Catalent will provide services such as analytical work, development, processing, validation and product maintenance as defined in a Plan Document.
During the term of the agreement, Precigen has agreed to use Catalent exclusively for external commercial fill-and-finish manufacturing of all reported PAPIZEMOS volumes in the defined territory. If the Plan Document sets any minimum annual batch requirements, Precigen must purchase at least those amounts in the relevant contract years. Precigen will pay Catalent agreed prices and fees for these services, which are subject to annual adjustments for factors including labor, utilities and overhead, and will also pay certain maintenance fees and expenses.
The initial term runs for three years from the effective date and then renews automatically in one-year increments unless either party gives at least twelve months’ written notice before the end of the current term. The agreement may be terminated by either party for material breach or certain other specified circumstances after any applicable cure period and includes customary provisions on quality, delivery, warranties, intellectual property, confidentiality and indemnification.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Precigen (PGEN) announce in this 8-K filing?
What services will Catalent provide to Precigen (PGEN) under the Commercial Supply Agreement?
Is Catalent the exclusive commercial manufacturer for Precigen’s PAPIZEMOS?
How is pricing structured in the Precigen (PGEN) and Catalent supply agreement?
What is the term of the Commercial Supply Agreement between Precigen and Catalent?
Under what circumstances can the Precigen–Catalent supply agreement be terminated?
Where can investors find the full text of the Precigen (PGEN) and Catalent Commercial Supply Agreement?
AI-generated analysis. How Rhea-AI works. Not financial advice.