other material
confidence high
sentiment neutral
materiality 0.55
Amphastar enters exclusive BAQSIMI distribution deal for Greater China with related party
Amphastar Pharmaceuticals, Inc.
- Exclusive distributor Chengong will market BAQSIMI in Mainland China, Taiwan, Hong Kong, Macau.
- Chengong must obtain regulatory approvals and conduct post-marketing clinical trials.
- 10-year term; minimum purchase amounts per contract year; profit sharing above floor price.
- Related party: CEO Jack Zhang and Chairman Mary Luo family own majority of Chengong's parent Hanxin.
- Audit Committee approved the deal; total revenue over 10 years not yet determinable.