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confidence high
sentiment positive
materiality 0.60
Sonoma inks exclusive US distribution deal with WellSpring for Microcyn products
Sonoma Pharmaceuticals, Inc.
- Exclusive US distribution agreement with WellSpring Pharmaceutical, effective Jan 29, 2025.
- Initial term of 2 years with three automatic one-year renewal periods.
- WellSpring to distribute Microcyn-based products through defined channels; Sonoma retains all IP.
- WellSpring must use commercially reasonable efforts and cannot sell competing hypochlorous acid products in those channels.
- Pricing, minimum quantities, and forecasts are set in confidential attachments.