RE:RE:RE:RE:RE:RE:We lost 1/2 our share price since launch..8000 USD / kg
1 kg = 10.000 consumer units 50 ml (does anyone have the source? I can only remember it)
= 0,8 USD 50 ml tube
= 0,24 USD 15 ml tube
minimum of 10 kg per year
= 100.000 tubes 50 ml
= 333.333 tubes 15 ml x 0.24 USD = 80.000 USD
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Manufacturing and Supply Agreement with Rodan & Fields, LLC (“R&F”)
On September 13, 2019, the Company entered into a manufacturing and supply agreement, pursuant to which the Company shall manufacture, test, label, package, store and supply R&F a minimum of 10 kilograms per year of skin lightening compound TFC-1067 for use in the United States, Canada, Australia and Japan for US$8,000 per kilogram beginning in 2020. In consideration for these services, R&F shall also make the following license fee and milestone payments to the Company:
i. US$50,000 ($67,225) license fee on signing of the agreement (recorded as revenue in fiscal 2019 and receivable at October 31, 2019);
ii. US$50,000 milestone payment on the launch of the first finished skincare product which includes TFC-1067; and
iii. a US$50,000 milestone payment for each additional finished skincare product launched containing TFC-1067.
After receipt of an invoice, R&F will pay the Company within net 15 days -2% or 60 days.
This agreement runs for a five-year term, with R&F having the option to extend the term for an additional three years, and is cancellable upon R&F providing the Company 30 days’ written notice. On termination of the agreement, R&F will reimburse the Company for any materials unique to R&F and which remain in the Company’s possession.
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In the CEO Update from July 4th, 2019 they wrote::
Will Sirona be establishing more partnerships for TFC-1067? Yes, multiple partnerships are anticipated. As we complete commercialization of TFC-1067 and obtain the necessary regulatory approvals, more companies will want to incorporate TFC-1067 into their product lines. We are actively in communication with several companies at this time. This will be an ongoing process as we are working in a global market consisting of multiple territories and sales channels.