On September 21, Bluebird Bio And Lonza Entered Into A Second Amendment To The Master Manufacturing Services Agreement, Dated June 3, 2016, As Amended October 23, 2017 - 8k
Portfolio Pulse from Benzinga Newsdesk
Bluebird Bio and Lonza have entered into a second amendment to their Master Manufacturing Services Agreement. The amendment includes increased manufacturing capacity, revisions to the fee schedule, modified payment terms, and updates to notification and termination provisions. Bluebird Bio is required to post a letter of credit of approximately $6.9 million.
September 27, 2023 | 11:39 am
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The amendment to the agreement with Lonza could potentially increase Bluebird Bio's manufacturing capacity and align payment structures with its business objectives. However, the requirement to post a $6.9 million letter of credit could impact its short-term liquidity.
The amendment to the agreement with Lonza could potentially increase Bluebird Bio's manufacturing capacity, which could positively impact its production and revenues. However, the requirement to post a $6.9 million letter of credit could impact its short-term liquidity, potentially affecting its financial stability. The overall impact on the stock price is uncertain.
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