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AMPE > SEC Filings for AMPE > Form 8-K on 15-Oct-2013All Recent SEC Filings

Show all filings for AMPIO PHARMACEUTICALS, INC.



Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On October 10, 2013, Ampio Pharmaceuticals, Inc. (the "Company" or "Ampio"), entered into a Human Serum Albumin Ingredient Purchase and Sale Agreement (the "Agreement") with a major, global manufacturer, which will provide a long term dedicated supply of human serum albumin (the "Product").

Under the Agreement, the Company has agreed to purchase a pre-determined quantity of the Product sufficient for Ampio to serve the osteoarthritis patient population currently undergoing treatment. The agreement sets minimum and maximum annual quantities that may be purchased but it enables Ampio to increase such maximum with notice, so Ampio should not be limited in its ability to treat additional patient populations where the anti-inflammatory capabilities of AmpionTM may show clinical benefit.

The term of the Agreement commenced on October 10, 2013 and continues through December 31, 2018. The total commitment by the Company over the period is $11,475,000. The term of the Agreement may be extended 5 additional years at the completion of the second year by written agreement of both parties. The Agreement provides for early termination by advance written notice or for uncured breach as well as representations, warranties and indemnity obligations customary for agreements of this type.

The foregoing description of the Agreement is qualified in its entirety by reference to the full Agreement, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ending December 31, 2013. The Company intends to submit a FOIA Confidential Treatment Request to the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), requesting that it be permitted to redact certain portions of the Agreement. The omitted material will be included in the request for confidential treatment.

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