other material
confidence high
sentiment neutral
materiality 0.50
Maravai closes sale of Protein Detection segment; amends Pfizer/BioNTech supply pact
MARAVAI LIFESCIENCES HOLDINGS, INC.
- Closed sale of Vector Laboratories (Protein Detection) to Voyager Group/Thompson Street on Sept 2, 2021.
- Disposition not considered a significant business; Vector CEO Lisa Sellers leaves Maravai.
- Amendment to TriLink supply agreement with Pfizer and BioNTech shifts invoicing to shipment-based from milestone-based.
- Amendment effective June 6, 2021; redacted pricing/billing terms included.
- Deal amendments clarify payments for facility relocation and exclude certain payables from purchase price adjustments.