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): July 17, 2022
(Exact name of registrant as specified in its charter)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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Item 1.02. Termination of a Material Definitive Agreement.
On July 17, 2022, Sesen Bio, Inc. (the “Company”) terminated the Master Bioprocessing Services Agreement (the “Agreement”), dated October 4, 2018, between the Company and FUJIFILM Diosynth Biotechnologies U.S.A., Inc. (“Fujifilm”), as a result of the Company’s previously disclosed restructuring plan following the decision to pause further development of the Company’s lead asset, VicineumTM in the US. The Company has requested that Fujifilm cease all work under the Agreement and refrain from incurring any additional costs or expenses. As a result of the termination, and in accordance with the terms of the Agreement, the Company has the responsibility to pay Fujifilm for certain non-manufacturing stage services and cGMP batches of drug substance of Vicineum. The terms of the Agreement are more fully described in the Company’s Form 8-K filed with the Securities and Exchange Commission on October 9, 2018.
SIGNATURE
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.
Date: July 21, 2022
| Sesen Bio, Inc. | ||||||||
| By: | /s/ Thomas R. Cannell, D.V.M. | |||||||
Thomas R. Cannell, D.V.M. | ||||||||
President and Chief Executive Officer | ||||||||