secwatch.observer — SEC 8-K summary
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Issuer:     Beyond Air, Inc. (XAIR)
CIK:        0001641631
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001493152-23-031919
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beyond Air Enters Distribution Agreement with Getz Healthcare for LungFit PH in Asia-Pacific
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- Getz Healthcare to make $1,000,000 milestone payment upon CE mark certification of LungFit PH in Europe.
- Beyond Air receives ongoing royalty payments on net sales starting at low double-digits and peaking at 20%.
- Partnership covers 10 Asia-Pacific countries including Australia, New Zealand, Thailand, Philippines, Taiwan, Hong Kong, Malaysia, Pakistan, Singapore, and Vietnam.
- BTIG, LLC acted as financial advisor to Beyond Air for the agreement.
- LungFit PH is currently FDA-approved for neonates with hypoxic respiratory failure in the U.S. only.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641631/000149315223031919/0001493152-23-031919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641631/000149315223031919/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-031919

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