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confidence high
sentiment positive
materiality 0.80
Tenax Therapeutics expands levosimendan license to exclusive worldwide oral rights; gains manufacturing rights
TENAX THERAPEUTICS, INC.
- Amendment with Orion grants Tenax exclusive worldwide rights to develop, commercialize, and manufacture oral levosimendan products.
- Tenax also obtains manufacturing rights for subcutaneously administered levosimendan products under the expanded license.
- Orion will supply levosimendan API at low triple-digit thousand Euros/kg, minimum order [***] grams, payment within 45 days.
- Fifth Amendment builds on prior agreements; effective September 3, 2025.
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