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5. OTHER LONG TERM ASSETS
12 Months Ended
Dec. 31, 2015
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OTHER LONG TERM ASSETS

Other long term assets include costs incurred from third parties in connection with the Merck Serono Agreement (see Note 1). At December 31, 2015 and December 31, 2014 the unamortized costs that are expected to be amortized beyond the upcoming twelve month period amounted to $0 and $38,939, respectively.