Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENT

v3.24.3
SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2024
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

12.Subsequent Event

Purchase commitment

In the ordinary course of business, we enter into agreements with contract manufacturers to manufacture our inventory products. In October 2024, we entered into an agreement with a third-party contract manufacturer to manufacture TAVALISSE that are expected to be delivered starting in fiscal year 2026 through 2029, for a total contract price of approximately $24.0 million. Although the agreement provides a cancellation clause with or without cause upon written notice, we may or may not be subject to payment of a cancellation fee. The level of cancellation fee is generally dependent on the timing of the written notice in relation to the commencement date of work, with the maximum cancellation fee equal to the full price of the work order.