other material
confidence high
sentiment neutral
materiality 0.50
CytoSorbents amends royalty agreement with ROKK, redefines gross revenue scope
Cytosorbents Corp
- Royalty rate remains 3% of gross revenues from CytoSorb sales under amended agreement.
- Amended and Restated Agreement clarifies definitions of 'gross revenue' with specified deductions.
- Covered Products now explicitly include CytoSorb, VetResQ, ECOS-300CY, and certain DrugSorb versions.
- Agreement dated August 16, 2024, amends the original 2003 Letter Agreement with ROKK.