other material
confidence high
sentiment neutral
materiality 0.45
Amphastar subsidiary enters exclusive Primatene MIST distribution deal for Greater China; est. $10M over 10 yrs
Amphastar Pharmaceuticals, Inc.
- Armstrong (Amphastar subsidiary) appoints Genreach as exclusive distributor for Primatene MIST in Mainland China, Taiwan, Hong Kong, Macau; 10-year term.
- Estimated total revenue to Amphastar over 10 years is ~$10 million, subject to currency exchange adjustments.
- Genreach is responsible for obtaining all regulatory approvals in the region.
- Related-party transaction: CEO Jack Zhang and Chairman Mary Luo beneficially own majority of Hanxin, Genreach's parent.
- Minimum purchase amounts per contract year; profit sharing based on Genreach's per unit net revenue.