Rockwell Medical Inc

NASDAQ:RMTI   2:20:20 PM EDT
1.00
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Debt Financing / Related, Strategic Combinations

Rockwell Medical Reacquires Distribution Rights For Its Hemodialysis Concentrates Business From Baxter

Published: 11/09/2022 11:14 GMT
Rockwell Medical Inc (RMTI) - Rockwell Medical Reacquires Distribution Rights for Its Hemodialysis Concentrates Business From Baxter.
Rockwell Medical Inc - Agreed to Terminate Exclusive Distribution Agreement Dated October 2, 2014.
Rockwell Medical Inc - Exclusivity and Other Provisions Associated With Distribution Agreement Terminate November 9, 2022.
Rockwell Medical Inc - Remaining Operational Elements of Agreement Terminate December 31, 2022.
Rockwell Medical Inc - Will Pay Baxter Fee for Reacquisition of Distribution Rights, in Two Equal Installments on Jan 1, 2023 and April 1, 2023.
Rockwell Medical Inc - Rockwell Expects to Achieve Profitability in 2024.
Rockwell Medical - If Successful in Achieving Profitability in 2024, Expects Cash Balance Will Be Sufficient to Fund Operations Going Forward.