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CytoDyn Inc CYDY
(Total Views: 447)
Posted On: 10/08/2019 7:25:51 AM
Post# of 156412
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Posted By: trding
Re: LACYDY #9304
I believe there are some provisions depending on when the approval happens. For example, I say this below in the contract. I haven't read it all though, but it is Exhibit 10.2 of the 10k.

Quote:
The first Annual Forecast shall be provided by March 31, 2020. Any binding forecasts will be dependent on FDA approval of the Post Approval Submission for manufacturing at SBL If the approval immediately above is delayed or does not occur, Client will not be liable for committed volume for 2021 and 2022.














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