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materiality 0.65
Polomar Health signs exclusive distribution deal for inhalable sildenafil and sumatriptan
Polomar Health Services, Inc.
- Agreement with ForHumanity Health and Island 40 Group grants exclusivity through Sep 30, 2025, in exchange for $750,000 guaranteed revenue.
- ForHumanity made a $250,000 advance payment to secure exclusivity; remaining $500,000 due by June 30, 2025.
- Initial term of 3 years through March 2028; auto-renewal for up to 5-year terms if revenue targets met (minimum $3M average annually for first renewal).
- Exclusivity can be extended through Dec 31, 2028, if ForHumanity achieves escalating revenue milestones (e.g., $20M by 2027).
- Polomar Specialty Pharmacy will fulfill prescriptions; IG4 handles account management.