Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / insurance-dd-memo.docx
insurance-dd-memo.docx
Parties
Penterra Pharmaceuticals Corp
Cole LLP
Harborview Excess Insurance Corp
Gateway Drive Associates LLC
Bioguard Specialty Underwriters Ltd
Dates
May 16, 2024
March 11, 2024
March 31, 2024
May 20, 2024
May 18, 2024
May 15, 2024
May 22, 2024
May 14, 2024
January 1, 2019
April 8, 2024
Amounts
$900,000,000
$87.3
$112.4
$420
$1,380,100
$64.1
$23.2
$1.38
$20,000,000
$10,000,000
Obligations
This provision states, in relevant part: "In the event of a Change of Control of the Company, the coverage afforded by this Policy shall, with respect to any Wrongful Act occurring or allegedly occurring after the effective date of such Change of Control, automatically and without the requirement of notice to the Insurer, be converted to run-off coverage, which shall apply solely to Wrongful Acts occurring or allegedly occurring on or before the effective date of such Change of Control
The run-off period shall be the remaining unexpired portion of the Policy Period
The adequacy of the Clinical Trial Liability policy limits must be assessed in light of the specific risk profile of VRD-4187 and the scope of the Marlowe Asset Management-2 trial