Ocugen Inc

NASDAQ:OCGN   3:59:58 PM EDT
6.03
-0.31 (-4.89%)
Debt Financing / Related

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

Published: 06/07/2021 10:42 GMT
Ocugen Inc (OCGN) - 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.