secwatch.observer — SEC 8-K summary
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Issuer:     Liquidia Corp (LQDA)
CIK:        0001819576
Form:       8-K
Filed at:   2022-11-25T23:59:59+00:00
Accession:  0001104659-22-122076
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Liquidia extends treprostinil promotion pact with Sandoz to 2032, adjusts profit sharing
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- Third Amendment with Sandoz extends Promotion Agreement initial term to December 31, 2032.
- Parties will enter a New Pump Development Agreement for subcutaneous treprostinil pump; development costs and milestones split 50/50.
- Profit sharing amended: if aggregate net profits <$500M by Dec 31, 2028, Liquidia PAH receives 50% of net profits thereafter.
- Indemnification terms added regarding the new pump development.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819576/000110465922122076/0001104659-22-122076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819576/000110465922122076/tm2231380d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-122076

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