Form 8-K - Current report
2023年10月7日 - 5:05AM
Edgar (US Regulatory)
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2023-10-02
2023-10-02
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported):
October
2, 2023
LIPOCINE
INC.
(Exact
name of registrant as specified in its charter)
Commission
File No. 001-36357
Delaware |
|
99-0370688 |
(State or other jurisdiction
of incorporation) |
|
(IRS Employer
Identification Number) |
675
Arapeen Drive, Suite 202
Salt
Lake City, Utah 84108
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (801) 994-7383
Former
name or former address, if changed since last report: Not Applicable
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of each
class |
|
Trading Symbol(s) |
|
Name of each
exchange on which registered |
Common Stock,
par value $0.0001 per share |
|
LPCN |
|
The NASDAQ Stock
Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §
230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.02 |
Termination of a Material Definitive
Agreement |
As
previously disclosed, on October 14, 2021, Lipocine Inc. (the “Company”) entered into a License Agreement (the “License
Agreement”) with Antares Pharma, Inc. (“Antares”), pursuant to which the Company granted to Antares an exclusive, royalty-bearing,
sublicensable right and license to develop and commercialize, upon final approval of TLANDO® from the U.S. Food and Drug Administration
(“FDA”), the Company’s TLANDO product with respect to testosterone replacement therapy in males for conditions associated
with a deficiency or absence of endogenous testosterone, as indicated in NDA No. 208088, treatment of Klinefelter syndrome, and pediatric
indications relating to testosterone replacement therapy in males for conditions associated with a deficiency or absence of endogenous
testosterone (the “Field”), in each case within the United States. The foregoing summary of the terms of the License Agreement
does not purport to be complete and is qualified in its entirety by reference to the License Agreement, which was filed as Exhibit 10.1
to the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 10, 2021.
On
October 2, 2023, the Company received notice from Antares of Antares’ termination of the License Agreement. In accordance with
the terms of the License Agreement, the License Agreement will terminate effective January 31, 2024. Upon termination of the License
Agreement, all rights and licenses granted by the Company to Antares under the License Agreement will terminate and all rights in TLANDO
will revert to the Company. While the Company currently plans to seek a commercialization partner for TLANDO, there can be no guarantee
that the Company will be able to enter into such a transaction on terms favorable to the Company or at all.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
|
|
LIPOCINE
INC. |
|
|
|
|
|
Date: |
October
6, 2023 |
|
By: |
/s/
Mahesh V. Patel |
|
|
|
|
Mahesh
V. Patel |
|
|
|
|
President
and Chief Executive Officer |
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Lipocine (NASDAQ:LPCN)
過去 株価チャート
から 4 2024 まで 5 2024
Lipocine (NASDAQ:LPCN)
過去 株価チャート
から 5 2023 まで 5 2024