UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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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 1.01. Entry into a Material Definitive Agreement.
On January 17, 2023, Aadi Bioscience, Inc. (the “Company”) entered into Amendment No.1 (the “Amendment”) to the Negotiated Purchase Order Terms and Conditions for Clinical and Commercial Product (the “Agreement”) with Fresenius Kabi, LLC (“Fresenius Kabi”). Pursuant to the Amendment, among other things, the term of the Agreement was extended until March 31, 2024 (or such later date as may be agreed upon between the parties), and certain terms related to pricing and the Company’s obligation to purchase certain minimum quantities of Fyarro from Fresenius Kabi were updated and revised.
The Amendment contains other customary terms applicable to the manufacture of therapeutics in the biotechnology industry. The foregoing summary is not complete and is qualified in its entirety by reference to the Amendment, which will be filed as an exhibit in a subsequent periodic report of the Company to be filed under the Securities Exchange Act of 1934, as amended.
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.
Dated: January 23, 2023
| /s/ Brendan Delaney |
| Brendan Delaney |
| Chief Executive Officer |
Document and Entity Information |
Jan. 17, 2023 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001422142 |
| Document Type | 8-K |
| Document Period End Date | Jan. 17, 2023 |
| Entity Registrant Name | AADI BIOSCIENCE, INC. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-38560 |
| Entity Tax Identification Number | 61-1547850 |
| Entity Address, Address Line One | 17383 Sunset Boulevard |
| Entity Address, Address Line Two | Suite A250 |
| Entity Address, City or Town | Pacific Palisades |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 90272 |
| City Area Code | (424) |
| Local Phone Number | 473-8055 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, par value $0.0001 per share |
| Trading Symbol | AADI |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | true |
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