Exhibit 10.5
Innovative Drug Delivery Systems, Inc.
September 22, 2000
CONFIDENTiAL
Xx. Xxxxxx X. Xxxxx Xx,, Division President
West Pharmaceutical Services, Inc.
000 Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Re: Letter Agreement
Dear Don:
This letter shall serve as our agreement that Section 4.1 of the License
Agreement between West Pharmaceutical Services, Inc., its wholly owned
subsidiary West Pharmaceutical Services Drug Delivery & Clinical Research Centre
Ltd. and Innovative Drug Delivery Systems, Inc. is hereby amended in its
entirety to read as follows:
4.1 License Fees. IDDS shall pay to West the amount of $2,250,000 on or before
September 27, 2000.
If this is acceptable to you, kindly execute this Letter Agreement where
appropriate and return a copy to me at your earliest convenience.
Thank you.
Sincerely,
Xxxx X. Xxxxxx, M.D.
Chairman
WEST PHARMACEUTICAL SERVICES, INC.
By: /s/ Xxxxxx X. Xxxxx Xx.
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Xxxxxx X. Xxxxx Xx., Division President,
Drug Delivery Systems
WEST PHARMACEUTICAL SERVICES DRUG DELIVERY &
CLINICAL RESEARCH CENTRE LTD.
By: /s/ Xxxxxx X. Xxxxx Xx., Chairman
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Xxxxxx X. Xxxxx Xx., Chairman
000 Xxxxxxx Xxxxxx 00xx Xxxxx Xxx Xxxx, XX 00000
Tel: 000-000-0000 Fax: 000-000-0000
