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RGEN > SEC Filings for RGEN > Form 8-K on 21-Jan-2014All Recent SEC Filings

Show all filings for REPLIGEN CORP



Entry into a Material Definitive Agreement, Other Events, Financial Statements and

Item 1.01. Entry into a Material Definitive Agreement.

On January 21, 2014, Repligen Corporation ("Repligen" or the "Company") entered into an asset purchase agreement (the "Asset Purchase Agreement) with BioMarin Pharmaceutical Inc. ("BioMarin"). Pursuant to the Asset Purchase Agreement, BioMarin will acquire the Company's intellectual property assets in proprietary histone deacetylase ("HDAC") inhibitors and will assume the Company's rights and obligations under a License Agreement, dated April 6, 2007, by and between the Company and The Scripps Institute (the "Scripps Agreement"), a copy of which was filed with the Company's annual report on Form 10-K for the year ended March 31, 2007.

Under the terms of the Asset Purchase Agreement, the Company will receive an upfront payment of $2 million from BioMarin, with the potential to receive up to $160 million in future milestone payments for the development, regulatory approval, and commercial sale of HDAC portfolio compounds. In addition, Repligen is entitled to receive royalties on any future sale of qualified products developed. Repligen's receipt of these royalties is subject to customary offsets and deductions. Royalties are payable, on a country-by-country and product-by-product basis, for a duration commencing from the first commercial sale of such product in such country until the later of (i) expiration of regulatory exclusivity for such product in such country, (ii) the expiration of the last-to-expire valid claim claiming such product in such country, or (iii) a predetermined time after the first commercial sale of such product in any country.

The Company expects to file the Asset Purchase Agreement as an exhibit to its periodic report and intends to seek confidential treatment for certain terms and provisions of the Asset Purchase Agreement. The foregoing description is qualified in its entirety by reference to the complete text of the Asset Purchase Agreement when filed.

Item 8.01. Other Events

On January 21, 2014, the Company issued a press release announcing that it entered into the Asset Purchase Agreement. A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

99.1 Press Release by Repligen Corporation, dated January 21, 2014.

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