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Societal CDMO, Lannett amend license and supply deal

Jul. 12, 2022 7:25 AM ETSocietal CDMO, Inc. (SCTL)By: Preeti Singh, SA News Editor
  • Societal CDMO (NASDAQ:SCTL) has announced an amendment to its license and supply deal with Lannett Company for the marketing of Verapamil PM and Verelan SR products.
  • The amendment awards Societal (SCTL) potential new GMP manufacturing agreements targeting injectable products for multiple additional Lannett development projects.
  • The CDMO will also receive improved overall economics, including a 10% growth in the profit share component of revenue from Verapamil PM product sales, as well as immediate and scheduled increases in manufacturing prices.

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