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ZGNX > SEC Filings for ZGNX > Form 8-K on 9-Jan-2014All Recent SEC Filings

Show all filings for ZOGENIX, INC.

Form 8-K for ZOGENIX, INC.


Entry into a Material Definitive Agreement, Termination of a Material Definitive Ag

Item 1.01 Entry into a Material Definitive Agreement.

On January 8, 2014 Zogenix, Inc. (the "Company") and Mallinckrodt LLC ("Mallinckrodt") entered into a termination and amendment agreement (the "Amendment"), effective as of January 31, 2014, which amends the Co-Promotion Agreement dated June 6, 2012, by and between the Company and Mallinckrodt (the "Agreement"). Under the Agreement, Mallinckrodt and the Company have collaborated on the promotion of Sumavel DosePro to prescribers in the United States.

Under the Amendment, the Agreement will terminate and Mallinckrodt's co-promotion will end effective as of January 31, 2014. The Company will be required to make a one-time tail payment to Mallinckrodt, calculated as a fixed percentage of net sales from the Mallinckrodt targeted prescriber audience during the 12 month period ending on January 31, 2015.

* * *

The foregoing summary of the material terms of the Amendment does not purport to be complete and is qualified in its entirety by a reference to the Amendment, a copy of which will be filed with the Securities and Exchange Commission with the Company's Quarterly Report on Form 10-Q for the period ending on March 31, 2014.

Item 1.02 Termination of a Material Definitive Agreement.

The Company and Mallinckrodt agreed to terminate the Agreement effective as of January 31, 2014 pursuant to the Amendment. The other information called for by this item is contained in Item 1.01 above, which is incorporated by reference.

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