other material
confidence high
sentiment positive
materiality 0.78
Lifecore Biomedical unit amends Alcon manufacturing agreement, extends term to Dec. 31, 2034
LIFECORE BIOMEDICAL, INC. DE
- Lifecore Biomedical, LLC signed Amendment No. 3 with Alcon Research, LLC on Sept. 24, 2026, effective Nov. 1, 2026.
- The amendment extends the Contract Manufacturing Agreement's Initial Term from Dec. 31, 2031 to Dec. 31, 2034, with automatic 24-month renewals.
- It sets Alcon's minimum purchase obligations through 2034 and amends Lifecore's supply obligations under an exhibit.
- From Nov. 1, 2026, Lifecore cannot enter new agreements for products directly competing with certain Alcon products, subject to pre-existing agreement carve-outs.