other material
confidence high
sentiment neutral
materiality 0.50
Tenax Therapeutics enters supply agreement with Orion; extends regulatory approval deadline to 2035
TENAX THERAPEUTICS, INC.
- Supply Agreement with Orion for oral levosimendan; 5-year initial term, auto-renewing 3-year periods.
- Sixth Amendment extends U.S. regulatory approval deadline to December 31, 2035; failure allows termination.
- Company must comply with Orion's General Information and Cybersecurity Requirements as part of amendment.
- Supply Agreement includes cost-sharing provisions for scaling Orion's manufacturing capabilities.
- Either party may terminate for material breach (60-day cure) or insolvency; also tied to License Agreement termination.