SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 15, 2021 (
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Item 1.01. Entry into a Material Definitive Agreement.
On July 9, 2021, Zyla Life Sciences (“Zyla”), a wholly owned subsidiary of Assertio Holdings, Inc. (the “Company”), and Cosette Pharmaceuticals, Inc. (formerly G&W Laboratories, Inc.) (“Cosette”) entered into Amendment No. 3 (the “Amendment”) to the Collaborative License, Exclusive Manufacture and Global Supply Agreement (the “Agreement”), to among other things extend the expiration date of the Agreement from July 31, 2023, to July 9, 2028.
The Agreement provides for the manufacture and supply of INDOCIN Suppositories by Cosette to Zyla for commercial distribution in the United States. Zyla is obligated to purchase all of its requirements for INDOCIN Suppositories from Cosette. Pursuant to the Amendment, Zyla will be required to meet minimum purchase requirements each calendar year during the extended term of the Agreement.
The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the three months ending September 30, 2021.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 15, 2021
|ASSERTIO HOLDINGS, INC.|
|/s/ Dan Peisert|
|President and Chief Executive Officer|