Cerus Corp Enters Material Definitive Agreement
Ticker: CERS · Form: 8-K · Filed: Dec 9, 2024 · CIK: 1020214
| Field | Detail |
|---|---|
| Company | Cerus Corp (CERS) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, new-contract
TL;DR
Cerus Corp just signed a big deal, details TBD.
AI Summary
On December 9, 2024, Cerus Corporation entered into a Material Definitive Agreement. The filing does not disclose the specific details of this agreement, including the counterparty or the financial terms involved.
Why It Matters
This filing indicates a significant new contract or partnership for Cerus Corporation, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and potential impact of the agreement.
Key Players & Entities
- Cerus Corporation (company) — Registrant
- December 09, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Cerus Corporation?
The filing states that Cerus Corporation entered into a Material Definitive Agreement on December 9, 2024, but does not provide specific details about its nature.
Who is the counterparty to this Material Definitive Agreement?
The filing does not disclose the name of the other party involved in the Material Definitive Agreement.
What are the key financial terms or obligations associated with this agreement?
The filing does not specify any financial terms, dollar amounts, or obligations related to the Material Definitive Agreement.
When was this Material Definitive Agreement officially entered into?
The agreement was entered into on December 9, 2024, as reported in the filing.
Does this agreement represent a new partnership, acquisition, or other significant business development?
The filing categorizes the event as an 'Entry into a Material Definitive Agreement,' suggesting a significant business development, but does not specify the exact type of transaction.
Filing Stats: 500 words · 2 min read · ~2 pages · Grade level 13.6 · Accepted 2024-12-09 16:59:25
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CERS The Nasdaq Stock Mar
Filing Documents
- cers-20241209.htm (8-K) — 36KB
- 0000950170-24-134618.txt ( ) — 143KB
- cers-20241209.xsd (EX-101.SCH) — 23KB
- cers-20241209_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On December 9, 2024, Cerus Corporation (the "Company") entered into the Second Amended and Restated Supply and Manufacturing Agreement ("2025 Agreement") with Porex Corporation ("Porex"), effective January 1, 2025 to extend the current term of the Amended and Restated Supply and Manufacturing Agreement until December 31, 2027. Under the terms of the 2025 Agreement, unit pricing for platelet wafers and plasma disks are set at certain amounts for the first twenty-four months, starting January 1, 2025, with volume based pricing after the first twenty-four months. The foregoing description of the 2025 Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the 2025 Agreement. The Company intends to file a copy of the 2025 Agreement with the Company's Annual Report on Form 10-K for the fiscal year ending December 31, 2024.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CERUS CORPORATION Date: December 9, 2024 By: /s/ Chrystal N. Jensen Chrystal N. Jensen Chief Legal Officer and General Counsel