Sonoma Pharma Stock Is Trading Higher After Distribution Pact With EMC Pharma

by Vandana Singh, Benzinga Editor

April 1, 2021 7:17 AM | 1 min read | Make a Comment

Sonoma Pharmaceuticals Inc SNOA has entered into an agreement with EMC Pharma LLC for the exclusive right to manage, market, and distribute Sonoma's HOCl-based prescription dermatology and eye care products in the U.S. for an initial term of five years, subject to extension.
EMC Pharma will also have a non-exclusive agreement to manage, market, and distribute certain Microcyn-based wound care products into government channels.
As part of the partnership agreement, EMC will acquire all of the existing inventory and pay a royalty and transfer prices over the initial five-year term.
The parties agreed on specific minimum purchase requirements.
Price Action: SNOA shares are up 30.6% at $9.7 in the premarket trading on the last check Thursday.

Posted In: Biotech News Health Care Contracts General Dermatology Eye care

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