Elliot Wilbur's questions to Adicet Bio (ACET) leadership • Q3 2018
Question
Elliot Wilbur of Raymond James inquired about the mechanics of failure-to-supply contract clauses, specifically asking if the company has open-ended liability in cases of significant price increases, and also requested the depreciation and amortization figures for the quarter.
Answer
COO Walt Kaczmarek and Chief Legal Officer Steve Rogers explained that liability is generally not open-ended and is tied to customer forecasts, with negotiated caps and restrictions varying by contract. After a brief search, President and CEO Bill Kennally provided an estimated quarterly depreciation and amortization figure of approximately $8 million.