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Y-mAbs Therapeutics, Inc. – ‘10-Q’ for 3/31/21 – ‘EX-10.7’

On:  Thursday, 5/6/21, at 5:16pm ET   ·   For:  3/31/21   ·   Accession #:  1558370-21-6293   ·   File #:  1-38650

Previous ‘10-Q’:  ‘10-Q’ on 11/5/20 for 9/30/20   ·   Next:  ‘10-Q’ on 8/9/21 for 6/30/21   ·   Latest:  ‘10-Q’ on 11/13/23 for 9/30/23   ·   7 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/06/21  Y-mAbs Therapeutics, Inc.         10-Q        3/31/21   76:6.3M                                   Toppan Merrill Bridge/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.07M 
 2: EX-10.7     Material Contract                                   HTML     34K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     23K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
13: R1          Document and Entity Information                     HTML     75K 
14: R2          Consolidated Balance Sheets                         HTML     98K 
15: R3          Consolidated Balance Sheets (Parenthetical)         HTML     34K 
16: R4          Consolidated Statements of Net Income/(Loss) and    HTML     82K 
                Comprehensive Income/(Loss)                                      
17: R5          Consolidated Statements of Changes in               HTML     64K 
                Stockholders' Equity                                             
18: R6          Consolidated Statements of Cash Flows               HTML     90K 
19: R7          Organization and Description of Business            HTML     24K 
20: R8          Basis of Presentation                               HTML     29K 
21: R9          Summary of Significant Accounting Policies          HTML     78K 
22: R10         Product Revenue                                     HTML     28K 
23: R11         Net Loss Per Share                                  HTML     45K 
24: R12         Inventory                                           HTML     38K 
25: R13         Accrued Liabilities                                 HTML     41K 
26: R14         License Agreements and Commitments                  HTML    123K 
27: R15         Stockholders' Equity                                HTML     29K 
28: R16         Share-Based Compensation                            HTML     85K 
29: R17         Related Party Transactions                          HTML     25K 
30: R18         Income Taxes                                        HTML     27K 
31: R19         Other Benefits                                      HTML     24K 
32: R20         Gain From Sale of Priority Review Voucher           HTML     24K 
33: R21         Summary of Significant Accounting Policies          HTML    100K 
                (Policies)                                                       
34: R22         Summary of Significant Accounting Policies          HTML     59K 
                (Tables)                                                         
35: R23         Net Loss Per Share (Tables)                         HTML     43K 
36: R24         Inventory (Tables)                                  HTML     39K 
37: R25         Accrued Liabilities (Tables)                        HTML     40K 
38: R26         License Agreements and Commitments (Tables)         HTML    115K 
39: R27         Share-Based Compensation (Tables)                   HTML     79K 
40: R28         BASIS OF PRESENTATION - Accumulated deficit and     HTML     27K 
                cash (Details)                                                   
41: R29         BASIS OF PRESENTATION - Secondary public offering   HTML     34K 
                (Details)                                                        
42: R30         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     23K 
                Operating Leases (Details)                                       
43: R31         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     29K 
                Concentration of Credit Risk (Details)                           
44: R32         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     23K 
                Inventory (Details)                                              
45: R33         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair   HTML     40K 
                Value Measurement (Details)                                      
46: R34         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     41K 
                Revenue Recognition - License Revenue (Details)                  
47: R35         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     23K 
                Segment (Details)                                                
48: R36         Product Revenue (Details)                           HTML     44K 
49: R37         NET LOSS PER SHARE - Basic and diluted (Details)    HTML     46K 
50: R38         NET LOSS PER SHARE - Anti-dilutive securities       HTML     23K 
                (Details)                                                        
51: R39         Inventory (Details)                                 HTML     28K 
52: R40         Accrued Liabilities (Details)                       HTML     36K 
53: R41         LICENSE AGREEMENTS AND COMMITMENTS - MSK, CD33 and  HTML     57K 
                MabVax License Agreement (Details)                               
54: R42         LICENSE AGREEMENTS AND COMMITMENTS - Other          HTML     39K 
                agreements (Details)                                             
55: R43         LICENSE AGREEMENTS AND COMMITMENTS - Lease          HTML     59K 
                agreements (Details)                                             
56: R44         LICENSE AGREEMENTS AND COMMITMENTS - Lease costs    HTML     30K 
                (Details)                                                        
57: R45         LICENSE AGREEMENTS AND COMMITMENTS - Lease          HTML     38K 
                maturities (Details)                                             
58: R46         LICENSE AGREEMENTS AND COMMITMENTS - Lease term     HTML     26K 
                and discount rate (Details)                                      
59: R47         STOCKHOLDERS' EQUITY - Authorized, Common and       HTML     40K 
                Preferred Stock (Details)                                        
60: R48         STOCKHOLDERS' EQUITY - Stock grant agreements with  HTML     66K 
                non-employees (Details)                                          
61: R49         STOCKHOLDERS' EQUITY - Issuance of common stock     HTML     36K 
                (Details)                                                        
62: R50         SHARE-BASED COMPENSATION - 2015 Plan (Details)      HTML     32K 
63: R51         SHARE-BASED COMPENSATION - 2018 Plan (Details)      HTML     41K 
64: R52         SHARE-BASED COMPENSATION - Stock option expense     HTML     33K 
                (Details)                                                        
65: R53         SHARE-BASED COMPENSATION - Stock option activity    HTML     60K 
                (Details)                                                        
66: R54         SHARE-BASED COMPENSATION - Stock option             HTML     28K 
                unrecognized compensation (Details)                              
67: R55         SHARE-BASED COMPENSATION - Restricted Stock Unit    HTML     56K 
                Activity (Details)                                               
68: R56         Related Party Transactions (Details)                HTML     34K 
69: R57         INCOME TAXES - Expense (Details)                    HTML     34K 
70: R58         INCOME TAXES - Uncertain tax positions (Details)    HTML     23K 
71: R59         Other Benefits (Details)                            HTML     28K 
72: R60         Gain From Sale of Priority Review Voucher           HTML     34K 
                (Details)                                                        
74: XML         IDEA XML File -- Filing Summary                      XML    133K 
12: XML         XBRL Instance -- ymab-20210331x10q_htm               XML   1.24M 
73: EXCEL       IDEA Workbook of Financial Reports                  XLSX     80K 
 8: EX-101.CAL  XBRL Calculations -- ymab-20210331_cal               XML    115K 
 9: EX-101.DEF  XBRL Definitions -- ymab-20210331_def                XML    452K 
10: EX-101.LAB  XBRL Labels -- ymab-20210331_lab                     XML   1.07M 
11: EX-101.PRE  XBRL Presentations -- ymab-20210331_pre              XML    804K 
 7: EX-101.SCH  XBRL Schema -- ymab-20210331                         XSD    146K 
75: JSON        XBRL Instance as JSON Data -- MetaLinks              316±   463K 
76: ZIP         XBRL Zipped Folder -- 0001558370-21-006293-xbrl      Zip    277K 


‘EX-10.7’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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Certain information (marked as [***]) has been excluded from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

Exhibit 10.7

AMENDMENT NO. 1

to

LICENSE AGREEMENT

for MSK’S technology

[***]  and [***]  antibodies and Multimerization

Technology” between

MEMORIAL SLOAN-KETTERING CANCER CENTER

and

Y-MABS THERAPEUTICS, INC.

DATED: MARCH 18, 2021


Certain information (marked as [***]) has been excluded from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

AMENDMENT NO. 1 TO LICENSE AGREEMENT

This Amendment No. 1 dated February , 2021 (the “Amendment”), is made to that certain License Agreement for MSK’s technology [***] and [***] antibodies and Multimerization Technology” dated August 20, 2015 (the “License Agreement”), by and between Memorial Sloan Kettering Cancer Center (“MSK”), a New York not-for-profit corporation, with  its principal offices  at 1275 York Avenue, New York, NY 10065; and Y-mAbs Therapeutics, Inc., a Delaware corporation, with its principal offices located at 230 Park Avenue, Suite 3350, New York, NY 10169 (“LICENSEE”). MSK and LICENSEE are sometimes referred to herein singly as a “Party” and collectively as “Parties”.

All capitalized terms not otherwise defined herein shall have the meanings assigned to them in the License Agreement.

W I T N E S S E T H

WHEREAS, Parties wish to amend and clarify certain aspects of the License Agreement only in the respects and on the conditions hereinafter stated.

NOW THEREFORE, in consideration of the mutual premises and mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

ARTICLE 1- AMENDMENT

1.1 Under Section 1.21, “Customary distribution of samples of Licensed Product or related performance of Licensed Services by LICENSEE or Affiliates shall not be included in any calculation of Net Sales” is h ereby deleted in its entirety and replaced with the following:

Distribution without charge of Licensed Products by LICENSEE, Sublicensee or Affiliates or related performance without charge of Licensed Services:

(i)in connection with patient assistance programs;

(ii)for customary distribution of samples;

(iii)for charitable donation purposes, early access programs, compassionate use or other similar programs;

(iv)for preclinical, clinical, or registration studies; or

(v)for use in any tests or studies reasonably necessary to comply with any applicable law, regulation or request by a Regulatory Authority or other governmental purposes;

shall in, each case, not be included in any calculation of Net Sales.”


Certain information (marked as [***]) has been excluded from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

ARTICLE 2– MISCELLANEOUS

2.1 The Parties agree that, apart from the parts specifically amended hereunder, all terms and conditions of the License Agreement remain and shall remain in full force and effect.

[Signature page follows]


Certain information (marked as [***]) has been excluded from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

IN WITNESS WHEREOF, each of the Parties hereto has caused this Amendment to be executed by its duly authorized representative, all as of the day and year first written above.

MEMORIAL SLOAN KETTERING CANCER CENTER

By:

/s/ Eric Cottington

Name:

Eric Cottington

Title:

Senior Vice President, Research and Technology Management

Y-MABS THERAPEUTICS, INC.

By:

/s/ Thomas Gad

Name:

Thomas Gad

Title:

Founder, Chairman and President



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:5/6/218-K
For Period end:3/31/21
3/18/21
8/20/15
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/29/24  Y-mAbs Therapeutics, Inc.         10-K       12/31/23  101:10M                                    Toppan Merrill Bridge/FA
 3/30/23  Y-mAbs Therapeutics, Inc.         10-K       12/31/22  106:10M                                    Toppan Merrill Bridge/FA
 3/01/22  Y-mAbs Therapeutics, Inc.         10-K       12/31/21   93:10M                                    Toppan Merrill Bridge/FA
11/04/21  Y-mAbs Therapeutics, Inc.         10-Q        9/30/21   76:7.4M                                   Toppan Merrill Bridge/FA
 8/09/21  Y-mAbs Therapeutics, Inc.         10-Q        6/30/21   76:7.2M                                   Toppan Merrill Bridge/FA


2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/26/18  Y-mAbs Therapeutics, Inc.         8-K:5,7,9   9/25/18    4:284K                                   Toppan Merrill/FA
 8/24/18  Y-mAbs Therapeutics, Inc.         S-1                   31:12M                                    Toppan Merrill-FA
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Filing Submission 0001558370-21-006293   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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