XML 36 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Meda License, Development and Supply Agreements (Tables)
12 Months Ended
Dec. 31, 2012
Meda License, Development and Supply Agreements [Abstract]  
Summary of contractual rights, obligations and related cash flows

The Company’s rights and obligations under these agreements and related contractual cash flows from Meda are as follows:

 

                 
    Cash flows received and revenue deferred  

Contractual Rights and Obligations

  December 31,
2012
    December 31,
2011
 
     

North America

               

License rights to ONSOLIS ® (BEMA® Fentanyl) and milestone payments

  $ 59,800,000     $ 59,800,000  
     

Research and Development Services for:

               

•   Non-cancer subsequent indication of product and further development of initial product

  $ 1,541,570     $ 1,541,570  
   

 

 

   

 

 

 

Total North America Agreement Milestones

  $ 61,341,570     $ 61,341,570  
   

 

 

   

 

 

 
     

Europe and Rest of World

               
     

License rights to BREAKYL™ (BEMA ® Fentanyl) and milestone payments

  $ 13,000,000     $ 8,000,000  
     

Research and Development Services for:

               

•   BREAKYL™ product through governmental approval in a E.U. country

  $ 4,548,720     $ 4,548,720  
   

 

 

   

 

 

 
     

Total Europe and Rest of World Milestones

  $ 17,548,720     $ 12,548,720  
   

 

 

   

 

 

 
     

Total All Milestones

  $ 78,890,290     $ 73,890,290  
   

 

 

   

 

 

 
     

Release of Milestones upon and subsequent to first sale

  $ (77,416,811   $ (59,735,570
   

 

 

   

 

 

 
     

Remaining Deferred Revenue

  $ 1,473,479     $ 14,154,720