Item 8.01 Other Events.
As previously disclosed, on December 7, 2022, Tricida, Inc. ("Tricida") received
notice from Patheon Austria GmbH & Co KG ("Patheon") alleging that Tricida was
in material breach of the Manufacturing and Commercial Supply Agreement,
effective October 4, 2019 (as amended by amendment no. 1 dated March 30, 2021,
amendment no. 2 dated August 26, 2021, amendment no. 3 dated July 1, 2022 and
amendment no. 4 dated September 15, 2022, collectively the "Agreement") between
Tricida and Patheon. The notice also purported to terminate the Agreement and
sought payment for additional amounts and damages that Patheon claims are now
due to it under the Agreement and applicable law.
On December 19, 2022, Tricida received an additional letter from Patheon
referencing the purported termination notice from December 7, 2022 and alleging
that certain amounts, totaling approximately €140 million euros, are currently
due to Patheon under the Agreement and applicable law.
Tricida is continuing to assess the validity of the termination notice and its
options under the Agreement and has not yet made a determination as to the
purported termination of the Agreement or Patheon's other claims.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
TRICIDA, INC. 
