Follow-up
Due Sep 11, 2025
Siemens & UTAK: Renewal of Pricing Agreement
Sep 04, 2025 10:24 PM
Hi Jim,
Thank you again for your time today. As discussed, please find below a recap and supporting details.
I’ve provided below a snapshot which includes two views of the validity control product list:
• Old Price – showing the current pricing at $25.00.
• Proposed Price – same product details but with the price at $31.50.
o Proposed start date of January 1, 2026 and end date of December 31, 2026. Happy to align with Siemens’ fiscal year, however.
Utak Product # SMN Description Volume Old Price New Price
17010 10445224 UTAK VALIDITY CONTROL 1 (1 X 25ML) 1 x 25 mL $25.00 $31.50
17011 10445225 UTAK VALIDITY CONTROL 2 (1 X 25ML) 1 x 25 mL $25.00 $31.50
17012 10445226 UTAK VALIDITY CONTROL 3 (1 X 25ML) 1 x 25 mL $25.00 $31.50
17013 10445227 UTAK VALIDITY CONTROL 4 (1 X 25ML) 1 x 25 mL $25.00 $31.50
17014 10445228 UTAK VALIDITY CONTROL 5 (1 X 25ML) 1 x 25 mL $25.00 $31.50
Additionally, I’ve attached the agreements we have had on file.
Over the past 10 years, we’ve held pricing steady and suppressed increases for as long as possible. During this period, our costs have risen by more than 50%. While packaging and labor costs have significantly increased, UTAK has continued to absorb much of the impact. We are not asking Siemens to take on this full burden - instead, we would like to continue offering our most competitive, Siemens-only pricing with an increase that is limited.
We value our longstanding partnership with Siemens and remain committed to maintaining a solid and open collaboration going forward.
I’ve gone ahead and sent out a follow up calendar block – let me know if we need to pull that in or push it out. Thanks for stewarding discussion on your end, and we will see what our next steps will look like.
Best regards,
Raleigh
Raleigh Gallina
Director of Revenue
utak.com
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Outcome: Needs Follow-up