InvestorsHub Logo
Followers 88
Posts 1168
Boards Moderated 0
Alias Born 09/10/2017

Re: flipper44 post# 409072

Thursday, 10/14/2021 5:03:55 PM

Thursday, October 14, 2021 5:03:55 PM

Post# of 701587
Yes, Life Sciences is a product division of Corning. It was a “Supply Agreement” with Corning to supply the single-use plastic parts, and the contract was terminated and re-sourced, so they are not manufacturing for Flaskworks.

(iv)a duly executed termination agreement between Flaskworks and Corning Incorporated (“Corning”) with respect to that certain Supply Agreement between Corning and Flaskworks, as amended and supplemented to date, in form and substance reasonably satisfactory to the Buyer;


Vesting; Settlement; Termination.

(a)Subject to the other conditions set forth in this Agreement, the Rights shall become vested as follows:

(i)Twenty-five percent (25%) of the Rights shall vest upon completion of all of the following:

(A)delivery to the Company by Recipient of a document listing all technical and regulatory requirements for the deployment of the EDEN system to manufacture DCVax-L, together with a detailed timeline;

(B)the initiation of EDEN system consumable sourcing from Saint Gobain or an equivalent supplier, via issued purchase order;

(C)the technology transfer of all relevant Company manufacturing protocols for DCVax-L to Flaskworks’ Boston site;

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News