XML 40 R23.htm IDEA: XBRL DOCUMENT v3.20.4
Subsequent Event
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Event

Note 16. Subsequent Event

 

In February 2021, the Company entered into a joint venture (“JV”) agreement with a company in China with the intent to develop, obtain regulatory approval for, manufacture and commercialize the INTERCEPT Blood System for platelets and red blood cells in China. Cerus and the Chinese company are the sole equity holders in the JV, with Cerus owning a majority (51%) of the entity. Cerus will contribute an exclusive license to commercialize the INTERCEPT Blood System for platelets and red blood cells for the JV to market in China.