Regentis Biomaterials Ltd's Comment on Supply Chain
The company sources critical materials and components for manufacturing GelrinC from two GMP-compliant suppliers. One primary supplier is Baxter Healthcare Corporation, with which the company has a Supply Agreement, originally established in 2008 and amended in 2009, to purchase Tisseel VHSD fibrin sealant kits through Teva Medical (Marketing) Ltd., Baxter's exclusive distributor in Israel. This Supply Agreement renews automatically each year unless terminated with notice. In addition, a Services Agreement with Baxter, initiated in 2018, provides quality, regulatory, and technical support related to the Tisseel supply, with fees based on hours of support and FDA approval status. Since March 2022, following Baxter's establishment of a local subsidiary in Israel, the company has sourced Tisseel kits directly from Baxter Israel, replacing Teva Medical (Marketing) Ltd. in the agreement without changes to the terms.
Regentis Biomaterials Ltd's Comment on Supply Chain
The company sources critical materials and components for manufacturing GelrinC from two GMP-compliant suppliers. One primary supplier is Baxter Healthcare Corporation, with which the company has a Supply Agreement, originally established in 2008 and amended in 2009, to purchase Tisseel VHSD fibrin sealant kits through Teva Medical (Marketing) Ltd., Baxter's exclusive distributor in Israel. This Supply Agreement renews automatically each year unless terminated with notice. In addition, a Services Agreement with Baxter, initiated in 2018, provides quality, regulatory, and technical support related to the Tisseel supply, with fees based on hours of support and FDA approval status. Since March 2022, following Baxter's establishment of a local subsidiary in Israel, the company has sourced Tisseel kits directly from Baxter Israel, replacing Teva Medical (Marketing) Ltd. in the agreement without changes to the terms.
Sources:
Regentis Biomaterials Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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