other material
confidence medium
sentiment neutral
materiality 0.60
Trustfeed Corp. licenses patent-pending IP from affiliate Pinata Holdings for drug delivery products
Polomar Health Services, Inc.
- Royalty rates: 10% for metformin, 15% for sumatriptan/sildenafil, 20% for semaglutide/liraglutide on net sales.
- License is worldwide, non-exclusive, perpetual; termination for material breach or 180 days notice.
- Intended use is in products after planned acquisition of Polomar Specialty Pharmacy, announced June 28, 2024.
- Pinata Holdings is an affiliate of CWR 1, LLC, the company's majority shareholder (related party transaction).
- License covers patent-pending IP and know-how for delivery of five active ingredients (metformin, sumatriptan, semaglutide, liraglutide, sildenafil).