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confidence medium
sentiment neutral
materiality 0.50
Nuvation Bio enters 5-year supply agreement with Asymchem for taletrectinib drug substance
Nuvation Bio Inc.
- Asymchem will be a non-exclusive supplier; Nuvation retains right to use alternate manufacturers.
- Initial term of 5 years, auto-renews for 3-year periods unless either party gives 6-month nonrenewal notice.
- Orders must be placed at least 180 days before delivery; cancellations incur tiered percentage fees.
- Company may terminate without cause on 30 days' notice; either party may terminate for material breach or insolvency.
- Agreement covers delivery, quality, IP, confidentiality, and indemnification; financial terms not disclosed.