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TOPIC: Screwed

Screwed 13 Jun 2018 07:43 #11933

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On June 8, 2018, Cytori Therapeutics, Inc. (the “Company”) received written notice from Roche Diagnostics Corporation (“Roche”) terminating its existing supply agreement with the Company for enzymes used in the processing of cell therapeutics due to failure by the Company to meet minimum purchase requirements. Roche has indicated to the Company that it will agree to negotiate in good faith with the Company with respect to a new supply agreement for enzymes with specifications similar to the enzymes that Roche was previously manufacturing for the Company.

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