secwatch.observer — SEC 8-K summary
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Issuer:     Arcellx, Inc. (ACLX)
CIK:        0001786205
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001193125-22-044879
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcellx enters $24.5M manufacturing SOW with Lonza for CART-ddBCMA
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- Statement of work effective Feb 16, 2022 for technology transfer and cGMP manufacturing of CART-ddBCMA and other pipeline products.
- Total payments aggregating approximately $24.5 million in 2022, including creditable upfront and milestone payments.
- Term from February 1, 2022 to December 31, 2024, unless earlier terminated or extended.
- Non-cancellable for first six months; potential termination costs aggregate up to approximately $35 million.
- Either party may terminate for uncured material breach; Company pays non-cancellable costs on breach.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786205/000119312522044879/0001193125-22-044879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786205/000119312522044879/d316255d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-044879

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