BRIEF-Ocugen Says Co And Bharat Entered Into That Certain First Amendment To Co-Development, Supply And Commercialization Agreement

Reuters2021-06-07

June 7 (Reuters) - Ocugen Inc :

* OCUGEN INC - ON JUNE 1, 2021, CO AND BHARAT ENTERED INTO THAT CERTAIN FIRST AMENDMENT TO CO-DEVELOPMENT, SUPPLY AND COMMERCIALIZATION AGREEMENT

* OCUGEN INC - PARTIES AGREED TO EXPAND THE ORIGINAL OCUGEN TERRITORY TO INCLUDE THE UNITED STATES AND CANADA

* OCUGEN INC - PAID TO BHARAT $15 MILLION IMMEDIATELY UPON EXECUTION OF THE AMENDMENT

* OCUGEN INC - FURTHER AGREED TO PAY TO BHARAT A MILESTONE PAYMENT OF $10 MILLION WITHIN 30 DAYS OF THE FIRST COMMERCIAL SALE OF COVAXIN IN CANADA.

* OCUGEN INC - PARTIES WILL SHARE ANY PROFITS GENERATED FROM THE COMMERCIALIZATION OF COVAXIN IN THE AMENDED OCUGEN TERRITORY

Source text () Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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BKZH
2021-06-08
BKZH
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