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

 

February 23, 2021

Date of Report (Date of earliest event reported)

 

 

ETON PHARMACEUTICALS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware		001-38738		37-1858472
(State of		(Commission		(I.R.S. Employer
incorporation)		File Number)		Identification Number)

 

21925 W. Field Parkway, Suite 235

Deer Park, Illinois 60010-7208

(Address of principal executive offices) (Zip code)

 

(847) 787-7361

(Registrant’s telephone number, including area code)

 

 

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:

 

[  ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		ETON		NASDAQ Global Market

 

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 [X]

 

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. [X]

 

 

 

Item 8.01 Other Events.

 

On February 23, 2021, Eton Pharmaceuticals, Inc’s (“Eton”) marketing partner, Bausch Health, announced the launch of Alaway® Preservative Free, previously known as Eton’s EM-100 product. Alaway® Preservative Free is the only over-the-counter preservative-free antihistamine eye itch relief drop approved by the U.S. Food and Drug Administration, and it is now available at national retailers including Walgreens, CVS, Walmart and Amazon.

 

Eton sold the product rights in Alaway ® to Bausch Health in 2019. Under the terms of the sale, the commercial launch of the product triggers a $1.5 million milestone payment to Eton, and Eton will also receive a 12% royalty on Bausch Health’s net sales of the product.

 

 

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 hereunto duly authorized.

 

Date: February 24, 2021	By:	/s/ W. Wilson Troutman
		W. Wilson Troutman
		Chief Financial Officer and Secretary
		(Principal Financial Officer)