Exhibit 10.15(b)
August 11, 2000
Xx. Xxxxxx X. Xxxxx, Xx.
Senior Vice President
Sales & Marketing
Cephalon, Inc.
000 Xxxxxxxxxx Xxxxxxx
Xxxx Xxxxxxx, XX 00000-0000
Dear Xx. Xxxxx:
Thank you for your letter dated July 14, 2000. As mentioned in my prior letter
to you, Xxxxxxx-Xxxxx Squibb Company has, effective September 5, 2000,
terminated the Amended and Restated Copromotion Agreement by and between
Xxxxxxx-Xxxxx Squibb Company and Cephalon, Inc. effective January 1, 1999 (the
"Agreement"). Under the terms of the Agreement, BMS will pay Cephalon the
compensation to which it is entitled under the Agreement through September 5,
2000. To that end, enclosed is a schedule detailing the compensation to which
Cephalon is entitled for the period beginning January 1, 2000 and ending June
30, 2000. This payment of [**] will be made shortly. In addition, a final
payment will be made to Cephalon for the period beginning July 1, 2000 and
ending September 5, 2000. This payment will be made within 60 days following the
end of such period, as provided in Section 10(d) of the Agreement.
Please contact me at the above address if you have any questions.
Very truly yours,
/s/ Xxxxx Xxxxxxxxx
Xxxxx Xxxxxxxxx
Associate Counsel
Cc: X. Xxxxx, M.D.
D. Snow
X. X. Xxxxx
**Certain portions of this exhibit have been omitted based upon a request for
confidential treatment that has been filed with the Commission. The omitted
portions have been filed separately with the Commission.
