Item 1.01 Entry into a Material Definitive Agreement
On
The Purchase Agreement contains customary representations and warranties of the Company and the Business, on the one hand, and Millicent, on the other hand. The Purchase Agreement further provides that each party to the Purchase Agreement will indemnify the other for losses arising from certain breaches of the Purchase Agreement, including breaches of certain representations and warranties, and for certain other matters and subject to certain limitations as more fully described in the Purchase Agreement.
In addition, the Purchase Agreement includes customary covenants for a
transaction of this sort, including that Millicent will use commercially
reasonable efforts to pursue the Business and that the Company will refrain from
manufacturing or commercializing any pharmaceutical product as a monotherapy
with the same indications and the same active pharmaceutical ingredient as
Intrarosa in
As part of the Transaction, the Company has assigned to Millicent its license
agreement with
The foregoing descriptions of the Transaction and the Purchase Agreement do not purport to be complete and are qualified in their entirety by reference to the complete text of the Purchase Agreement, a copy of which is filed as Exhibit 10.1 hereto, which is incorporated herein by reference.
The representations, warranties, and covenants contained in the Purchase Agreement were made only for purposes of the Purchase Agreement and as of specific dates, were solely for the benefit of the parties to the Purchase Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors are not third-party beneficiaries under the Purchase Agreement and should not rely on the representations, warranties, and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the parties thereto or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations and warranties may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures.
Item 7.01. Regulation FD Disclosure.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
A copy of the press release announcing the closing of the Transaction is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1* Asset Purchase Agreement, datedMay 21, 2020 , by and betweenAMAG Pharmaceuticals, Inc. andMillicent Pharma Limited (filed herewith) 99.1 Press release issued byAMAG Pharmaceuticals, Inc. onMay 21, 2020 (furnished herewith) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
* Schedules and similar attachments have been omitted pursuant to Item 601(a)(5)
of Regulation S-K.
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