other material
confidence high
sentiment neutral
materiality 0.60
Sonoma Pharmaceuticals terminates exclusive supply agreement with EMC Pharma
Sonoma Pharmaceuticals, Inc.
- EMC Pharma failed to meet minimum purchase quantities; 30-day cure period expired.
- Termination effective November 21, 2024; no penalties incurred by Sonoma.
- Sonoma resumes direct U.S. sales of Microcyn-based products: Acuicyn, Celacyn, Epicyn, Lasercyn, Levicyn.
- Agreement had a five-year initial term; exclusive distribution rights now ended.