UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 | Entry into a Material Definitive Agreement. |
On April 16, 2021, Catalyst Biosciences, Inc., a Delaware corporation (“Catalyst”) entered into a license agreement (the “License Agreement”) with SL 2T, LLC, a Delaware limited company (“SmartLabs”), to use laboratory facilities at Two Tower Place, South San Francisco, California 94080. Catalyst entered into the License Agreement for laboratory space to further the company’s discovery research in complement and protease medicines.
The license commences on May 1, 2021 and expires on April 30, 2022. Catalyst has an option to extend the term for an additional six (6) month period. The license fee is $104,000 per month.
SmartLabs has the right to terminate the license for “cause,” if SmartLabs has provided written notice of a breach by Catalyst of the terms of the License Agreement and such breach is not cured within five (5) days of receipt of such notice.
The above description of the License Agreement is qualified in its entirety by reference to the full text of the Lease Agreement, a copy of which will be filed as an exhibit to Catalyst’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2021.
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.
CATALYST BIOSCIENCES, INC. | ||||||
Date: April 21, 2021 | /s/ Clinton Musil | |||||
Clinton Musil | ||||||
Chief Financial Officer |