UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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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
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 1.02 | Termination of a Material Definitive Agreement |
On November 18, 2021, we entered into Amendment No. 3 to the Global Co-Development and Collaboration Agreement with BeiGene, Ltd. and its wholly owned affiliate BeiGene Switzerland GmbH (collectively, “BeiGene”), dated as of April 8, 2019 and as previously amended on December 24, 2019, and October 5, 2020 (collectively, the “Collaboration Agreement”). Amendment No. 3 provides that the Collaboration Agreement is terminated, subject to survival of certain provisions, that BeiGene hands back rights to technology and know-how received under the Collaboration Agreement, that BeiGene transfers back all regulatory documentation so that we can assume responsibility for the initiation of Phase 1 clinical trials of BA3071, and that we will pay BeiGene mid-single digit royalties and capped milestones, in addition to other standard provisions.
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 thereunto duly authorized.
| BioAtla, Inc. | ||||||
| Date: November 19, 2021 | By: | /s/ Richard A. Waldron | ||||
| Names: Richard A. Waldron Title: Chief Financial Officer | ||||||
Document and Entity Information |
Nov. 18, 2021 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001826892 |
| Document Type | 8-K |
| Document Period End Date | Nov. 18, 2021 |
| Entity Registrant Name | BIOATLA, INC. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-39787 |
| Entity Tax Identification Number | 85-1922320 |
| Entity Address, Address Line One | 11085 Torreyana Road |
| Entity Address, City or Town | San Diego |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 92121 |
| City Area Code | 858 |
| Local Phone Number | 558-0708 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.0001 par value per share |
| Trading Symbol | BCAB |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |