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AVROBIO, Inc. – ‘10-K’ for 12/31/19 – ‘EX-10.8’

On:  Monday, 3/16/20, at 4:02pm ET   ·   For:  12/31/19   ·   Accession #:  1564590-20-11144   ·   File #:  1-38537

Previous ‘10-K’:  ‘10-K’ on 3/25/19 for 12/31/18   ·   Next:  ‘10-K’ on 3/18/21 for 12/31/20   ·   Latest:  ‘10-K’ on 3/14/24 for 12/31/23   ·   10 References:   

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

 3/16/20  AVROBIO, Inc.                     10-K       12/31/19   85:8.4M                                   ActiveDisclosure/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.15M 
 2: EX-4.3      Instrument Defining the Rights of Security Holders  HTML     53K 
 5: EX-10.16    Material Contract                                   HTML     94K 
 3: EX-10.7     Material Contract                                   HTML     49K 
 4: EX-10.8     Material Contract                                   HTML     38K 
 6: EX-21.1     Subsidiaries List                                   HTML     25K 
 7: EX-23.1     Consent of Experts or Counsel                       HTML     30K 
 8: EX-31.1     Certification -- §302 - SOA'02                      HTML     35K 
 9: EX-31.2     Certification -- §302 - SOA'02                      HTML     35K 
10: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
17: R1          Document and Entity Information                     HTML     95K 
64: R2          Consolidated Balance Sheets                         HTML     84K 
72: R3          Consolidated Balance Sheets (Parenthetical)         HTML     45K 
46: R4          Consolidated Statements of Operations and           HTML     68K 
                Comprehensive Loss                                               
18: R5          Consolidated Statements of Redeemable Convertible   HTML    100K 
                Preferred Stock and Stockholders' (Deficit) Equity               
65: R6          Consolidated Statements of Redeemable Convertible   HTML     30K 
                Preferred Stock and Stockholders' (Deficit) Equity               
                (Parenthetical)                                                  
73: R7          Consolidated Statements of Cash Flows               HTML    108K 
45: R8          Nature of the Business                              HTML     34K 
19: R9          Summary of Significant Accounting Policies          HTML    106K 
84: R10         Fair Value of Financial Assets and Liabilities      HTML    123K 
61: R11         Prepaid Expenses and Other Current Assets           HTML     55K 
33: R12         Property and Equipment, Net                         HTML     54K 
41: R13         Accrued Expenses                                    HTML     49K 
83: R14         Loan Agreement and Warrant to Purchase Preferred    HTML     31K 
                Stock                                                            
60: R15         Redeemable Convertible Preferred Stock              HTML     30K 
32: R16         Common Stock                                        HTML     64K 
40: R17         Stock-Based Compensation                            HTML    145K 
85: R18         License Agreements                                  HTML     50K 
59: R19         Income Taxes                                        HTML    126K 
22: R20         Net Loss per Share Attributable to Common           HTML     47K 
                Stockholders                                                     
48: R21         Commitments and Contingencies                       HTML     48K 
71: R22         Related Party Transactions                          HTML     32K 
63: R23         Benefit Plans                                       HTML     30K 
21: R24         Subsequent Events                                   HTML     30K 
47: R25         Summary of Significant Accounting Policies          HTML    171K 
                (Policies)                                                       
70: R26         Summary of Significant Accounting Policies          HTML     50K 
                (Tables)                                                         
62: R27         Fair Value of Financial Assets and Liabilities      HTML    123K 
                (Tables)                                                         
20: R28         Prepaid Expenses and Other Current Assets (Tables)  HTML     56K 
49: R29         Property and Equipment, Net (Tables)                HTML     53K 
43: R30         Accrued Expenses (Tables)                           HTML     49K 
34: R31         Common Stock (Tables)                               HTML     64K 
56: R32         Stock-Based Compensation (Tables)                   HTML    139K 
81: R33         Income Taxes (Tables)                               HTML    118K 
44: R34         Net Loss per Share Attributable to Common           HTML     46K 
                Stockholders (Tables)                                            
35: R35         Commitments and Contingencies (Tables)              HTML     40K 
58: R36         Nature of the Business - Additional Information     HTML     38K 
                (Detail)                                                         
82: R37         Summary of Significant Accounting Policies -        HTML     45K 
                Additional Information (Detail)                                  
42: R38         Summary of Significant Accounting Policies -        HTML     36K 
                Estimated Useful Lives of Property and Equipment                 
                (Detail)                                                         
36: R39         Summary of Significant Accounting Policies -        HTML     38K 
                Statements of cash flows subsequent to the                       
                adoption of ASU (Detail)                                         
51: R40         Fair Value of Financial Assets and Liabilities -    HTML     38K 
                Summary of Financial Assets and Liabilities                      
                Measured at Fair Value on Recurring Basis (Detail)               
23: R41         Fair Value of Financial Assets and Liabilities -    HTML     43K 
                Additional Information (Detail)                                  
68: R42         Fair Value of Financial Assets and Liabilities -    HTML     36K 
                Summary of Changes in Fair Value of Preferred                    
                Stock Warrant Liability for Fair Value Determined                
                by Level 3 Inputs (Detail)                                       
76: R43         Fair Value of Financial Assets and Liabilities -    HTML     36K 
                Summary of Changes in Fair Value of Derivative                   
                Liability for Fair Value Determined by Level 3                   
                Inputs (Detail)                                                  
52: R44         Prepaid Expenses and Other Current Assets -         HTML     45K 
                Summary of Prepaid Expenses and Other Current                    
                Assets (Detail)                                                  
24: R45         Property and Equipment, Net - Summary of Property   HTML     42K 
                and Equipment, Net (Detail)                                      
69: R46         Property and Equipment, Net - Additional            HTML     29K 
                Information (Detail)                                             
77: R47         Accrued Expenses - Summary of Accrued Expenses      HTML     40K 
                (Detail)                                                         
50: R48         Loan Agreement and Warrant to Purchase Preferred    HTML     60K 
                Stock - Additional Information (Detail)                          
25: R49         Redeemable Convertible Preferred Stock -            HTML     60K 
                Additional Information (Detail)                                  
30: R50         Common Stock - Additional Information (Detail)      HTML     62K 
38: R51         Common Stock - Summary of Common Stock Reserved     HTML     41K 
                for Future Issuance (Detail)                                     
80: R52         Stock-Based Compensation - Additional Information   HTML     72K 
                (Detail)                                                         
55: R53         Stock-Based Compensation - Summary of Assumptions   HTML     35K 
                that Used to Determine Grant-Date Fair Value of                  
                Stock Options Granted to Employees and Members of                
                Board (Detail)                                                   
29: R54         Stock-Based Compensation - Summary of Stock Option  HTML     64K 
                Activity (Detail)                                                
37: R55         Stock-Based Compensation - Summary of Restricted    HTML     43K 
                Stock Unit Activity (Detail)                                     
79: R56         Stock-Based Compensation - Schedule of Stock-based  HTML     34K 
                Compensation Expense (Detail)                                    
54: R57         License Agreements - Additional Information         HTML     91K 
                (Detail)                                                         
28: R58         Income Taxes - Additional Information (Detail)      HTML     76K 
39: R59         Income Taxes - Schedule of Reconciliation of        HTML     54K 
                Income Tax Expense (Benefit) (Detail)                            
75: R60         Income Taxes - Schedule of Deferred Tax Assets and  HTML     57K 
                Liabilities (Detail)                                             
67: R61         Net Loss per Share Attributable to Common           HTML     33K 
                Stockholders - Schedule of Dilutive Common Stock                 
                Equivalents Excluded from Computation of Diluted                 
                Net Loss per Share (Detail)                                      
27: R62         Commitments and Contingencies - Additional          HTML     41K 
                Information (Detail)                                             
53: R63         Commitments and Contingencies - Schedule Of Future  HTML     40K 
                Minimum Rental Payment Under Operating Lease                     
                (Detail)                                                         
74: R64         Related Party Transactions - Additional             HTML     47K 
                information (Detail)                                             
66: R65         Benefit Plans - Additional Information (Detail)     HTML     30K 
26: R66         Subsequent Events - Additional Information          HTML     43K 
                (Detail)                                                         
31: XML         IDEA XML File -- Filing Summary                      XML    150K 
57: EXCEL       IDEA Workbook of Financial Reports                  XLSX     87K 
11: EX-101.INS  XBRL Instance -- avro-20191231                       XML   1.75M 
13: EX-101.CAL  XBRL Calculations -- avro-20191231_cal               XML    142K 
14: EX-101.DEF  XBRL Definitions -- avro-20191231_def                XML    475K 
15: EX-101.LAB  XBRL Labels -- avro-20191231_lab                     XML   1.21M 
16: EX-101.PRE  XBRL Presentations -- avro-20191231_pre              XML    901K 
12: EX-101.SCH  XBRL Schema -- avro-20191231                         XSD    185K 
78: ZIP         XBRL Zipped Folder -- 0001564590-20-011144-xbrl      Zip    149K 


‘EX-10.8’   —   Material Contract


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



 <!   C: 

Exhibit 10.8

 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM IF PUBLICLY DISCLOSED.

 

AMENDMENT NO. 2 TO LICENSE AGREEMENT

This AMENDMENT NO. 2 TO LICENSE AGREEMENT (herein referred to as “Amendment No. 2”) is made and entered into as of this 7th day of January, 2020 (the “Amendment No. 2 Effective Date”), between BioMarin Pharmaceutical Inc., a Delaware corporation, with offices at 770 Lindaro Street, San Rafael, CA 94901 (“BioMarin”), and AVROBIO, Inc., a Delaware corporation having a place of business at One Kendall Square, Building 300, Suite 201, Cambridge, MA 02139 (“AVROBIO”).  Each of BioMarin and “AVROBIO” may be referred to herein as a “Party” or collectively as the Parties.”

 

1.

This Amendment No. 2 shall serve as an amendment to that certain License Agreement, effective as of August 31, 2017 and amended effective as of February 21, 2018 by and between AVROBIO and BioMarin (the “Original Agreement”). Except as expressly modified hereby, the Original Agreement shall continue in full force according to its terms.  Capitalized terms not otherwise defined in this Amendment No. 2 shall have the meaning ascribed to such term in the Original Agreement.

2.

AVROBIO’s address set forth in the introductory paragraph of the Original Agreement and in Section 11.4 of the Original Agreement is hereby deleted in its entirety and replaced with the AVROBIO address set forth above in the introductory paragraph of this Amendment No. 2.  

3.

Section 2.1.2 of the Original Agreement is hereby deleted and replaced with the following:

“2.1.2Subject to the terms and conditions of this Agreement, BioMarin hereby grants to AVROBIO a limited, non-sublicensable, non-transferable, non-exclusive license to use [***] solely for the experiments set forth in Schedule D, which shall be performed by AVROBIO personnel or by a permitted Third Party at the facilities expressly specified therein. With BioMarin’s prior written consent, AVROBIO may subcontract the performance of certain experiments set forth in Schedule D to additional Third Parties, including consultants.  With respect to each and any such Third Party (a) such Third Party shall be bound by obligations consistent with AVROBIO’s obligations set forth in Sections 2.6.2, 2.6.5, 2.6.7, and 7 of this Agreement; and (b) AVROBIO shall remain liable for such permitted Third Party’s performance.”

4.

Section 2.6.1 of the Original Agreement is hereby deleted and replaced with the following:

“2.6.1BioMarin agrees to supply AVROBIO, and/or any permitted Third Party as directed by AVROBIO, with [***] in the amount set forth in Schedule D hereto.”

5.

As of the Amendment No. 2 Effective Date, Schedule D attached to the Original Agreement is replaced in its entirety with a new Schedule D, in the form attached to this Amendment No. 2 as Attachment 1.

6.

This Amendment No. 2 shall inure to the benefit of and be binding upon the Parties hereto and their respective heirs, successors, trustees, transferees and assigns.

7.

This Amendment No. 2 may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

[Signature page follows]

7.

1

 


 

IN WITNESS WHEREOF, the Parties hereto, intending to be legally bound hereby, have caused this Amendment No. 2 to be executed and delivered by their proper and duly authorized officers effective as of the day and year first above written.

 

BioMarin Pharmaceutical Inc.

 

AVROBIO, Inc.

 

 

 

 

 

/s/ Brinda Balakrishan

 

/s/ Geoff MacKay

 

 

 

 

 

By:

Brinda Balakrishan

 

By:

Geoff MacKay

 

 

 

 

 

Its:

Group Vice President

 

Its:

CEO

 

08-Jan-2020

 

 

08-Jan-2020

 

2

 


 

Attachment 1

 

Schedule D

 

[***]

 

 

 

3

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/16/208-K,  S-8
For Period end:12/31/195
2/21/18
8/31/17
 List all Filings 


10 Subsequent Filings that Reference this Filing

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

 4/15/24  AVROBIO, Inc.                     S-4/A                 91:17M                                    Donnelley … Solutions/FA
 3/26/24  AVROBIO, Inc.                     S-4/A       3/25/24   89:18M                                    Donnelley … Solutions/FA
 3/14/24  AVROBIO, Inc.                     10-K       12/31/23   80:9.4M                                   Donnelley … Solutions/FA
 2/14/24  AVROBIO, Inc.                     S-4                   91:25M                                    Donnelley … Solutions/FA
 3/23/23  AVROBIO, Inc.                     10-K       12/31/22   82:10M                                    Donnelley … Solutions/FA
11/08/22  AVROBIO, Inc.                     S-3                    8:1.8M                                   Broadridge Fin’l So… Inc
 3/17/22  AVROBIO, Inc.                     10-K       12/31/21   78:9.1M                                   ActiveDisclosure/FA
 3/18/21  AVROBIO, Inc.                     10-K       12/31/20   73:9.1M                                   ActiveDisclosure/FA
11/20/20  AVROBIO, Inc.                     424B5                  1:5.2M                                   Donnelley … Solutions/FA
11/19/20  AVROBIO, Inc.                     424B5                  1:5.1M                                   Donnelley … Solutions/FA
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