Product Purchase Confirmation Letter between Sankyo Pharma Inc. and Cygnus, Inc. (April 2003–March 2004)
Sankyo Pharma Inc. confirms its commitment to purchase specified quantities of products from Cygnus, Inc. between April 1, 2003, and March 31, 2004, as detailed in the attached forecast. The purchases will follow the prices and payment terms set in their existing Sales, Marketing and Distribution Agreement and Supply Agreement. This letter formalizes the order schedule and ensures both parties are aligned on the amounts and timing of product deliveries.
Exhibit 10.217
March 19, 2003
Craig W. Carlson
Chief Operating Officer and
Chief Financial Officer
Cygnus, Inc.
400 Penobscot Drive
Redwood City, CA 94063
Dear Craig:
This letter confirms that Sankyo will purchase product in accordance with the amounts and timing specified on the attached binding forecast for the period April 1, 2003 – March 31, 2004 (Exhibit A) at the prices and under the payment terms set forth in our Sales, Marketing and Distribution Agreement and Supply Agreement.
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| Sincerely, | |
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| /s/ John Gargiulo |
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| John Gargiulo | |
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| VP Marketing and Commercial Operations | |
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| Sankyo Pharma Inc. | |
EXHIBIT A
GlucoWatch Biographer Forecast
As of : 3/13/03
|
| Jun-03 |
| Jul-03 |
| Aug-03 |
| Sep-03 |
| Oct-03 |
| Nov-03 |
| Dec-03 |
| Jan-04 |
| Feb-04 |
| Mar-04 |
| Starter Kits | 0 |
| 0 |
| 0 |
|
|
| 4,888 |
| 4,637 |
| 5,072 |
| 5,526 |
| 6,999 |
| 7,213 |
| Autosensors | 0 |
| 82,716 |
| 206,046 |
| 233,515 |
| 304,363 |
| 318,153 |
| 336,790 |
| 372,805 |
| 477,783 |
| 495,312 |
| Samples – Kits | 0 |
| 0 |
| 0 |
| 6,300 |
| 0 |
| 0 |
| 2,100 |
| 0 |
| 0 |
| 2,100 |
| Samples – autosensors | 0 |
| 28,800 |
| 0 |
| 9,600 |
| 0 |
| 0 |
| 9,600 |
| 0 |
| 0 |
| 9,600 |
| Anaylyzers | 0 |
| 0 |
| 0 |
| 0 |
| 2,444 |
| 2,318 |
| 2,536 |
| 2,763 |
| 3,499 |
| 3,606 |
