I-Flow Corp.
This article was originally published in The Gray Sheet
Executive Summary
Inks agreement with SoloPak Pharmaceuticals to distribute SideKick and Paragon ambulatory infusion systems and related disposables and accessories in the U.S. through Dec. 31, 1997. "The agreement provides for minimum purchase quotas for 1994, 1995 and the first half of 1996 which aggregate $16.9 mil.," I-Flow says in a release. Beginning July 1, 1996, SoloPak may purchase U.S. rights to the products for $8 mil. "If SoloPak does not exercise its option, the minimum purchases for the second half of 1996 and for 1997 will be substantially higher than those in the earlier period of the agreement," the firm notes