other material
confidence high
sentiment positive
materiality 0.60
Recursion amends Tempus master agreement, grants RNA model license for $12M
RECURSION PHARMACEUTICALS, INC.
- Amendment extends Master Agreement term to six years, eliminates termination-for-convenience clause.
- Annual License Fees for years 3-5 revised to $14M each, with at least $4M cash, rest in stock/cash.
- Recursion grants Tempus non-exclusive oncology-only license to TxFM RNA model for 2 years.
- Tempus pays $12M total license fee in two $6M installments; first on execution, second at one-year.
- Tempus provides Recursion access to de-identified pathology records with linked clinical data.