Komori
Business alliance206APRISM BioLab Co.,LTDPharmaceuticals

Notice of the expiration and termination of the research and license agreement with Boehringer Ingelheim International GmbH

The research and license agreement with BI will terminate on its expiration date because BI has indicated that it does not intend to renew the agreement. No additional payments will be made in connection with the termination, and there will be no impact on results for the current fiscal year.

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Wording
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Agreements reached under this partnership

Discontinuation
206APRISM BioLab Co.,LTD
Alliance partnerBoehringer Ingelheim International GmbH
Details of the alliance
  1. 1

    The company provides its small-molecule library compounds to screen for hit compounds against BI's drug discovery targets and receives consideration from BI for use of the compounds.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Impact on Business Performance

This matter will have no impact on the company's results for the current fiscal year.

Contract Date18 May 2020Contract PeriodThe agreement was entered into on 18 May 2020 and will terminate on 16 May 2026, its expiration date. Automatic renewal: Not disclosed
Agreements reached under this partnership
ItemDetails
Name of alliance partnerBoehringer Ingelheim International GmbH
Type of allianceDiscontinuation
Details of the allianceThe company provides its small-molecule library compounds to screen for hit compounds against BI's drug discovery targets and receives consideration from BI for use of the compounds.
Contract PeriodThe agreement was entered into on 18 May 2020 and will terminate on 16 May 2026, its expiration date. Automatic renewal: Not disclosed
Contract Date18 May 2020
Impact on Business PerformanceThis matter will have no impact on the company's results for the current fiscal year.
Items this document does not state (17)
Alliance partner's business activitiesAlliance partner's locationAlliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersNumerical targets under the allianceShareholding PolicyDate of board resolutionAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The agreement will terminate upon expiration of its predetermined term because BI notified the company that it does not intend to renew the agreement.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice of the expiration and termination of the research and license agreement with Boehringer Ingelheim International GmbH | PRISM BioLab Co.,LTD (206A) timely disclosure | Komori