Acquisition (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Purchase Price

Total purchase price, in thousands, is summarized as follows:

Upfront cash consideration	$	28,397
Fair value of existing equity interest in Annovation	25,886
Total cash consideration and fair value of existing equity interest	54,283
Fair value of contingent cash payment	18,000
Total purchase price	$	72,283

Assets Acquired and Liabilities Assumed

Below is a summary which details, in thousands, the allocation of assets acquired and liabilities assumed as a result of this acquisition:

Assets acquired:
Cash and cash equivalents	$	1,482
Other current assets	692
IPR&D	65,000
Goodwill	24,530
Total assets	$	91,704
Liabilities assumed:
Accrued expenses	$	398
Contingent purchase price	18,000
Deferred tax liability	19,023
Total liabilities	$	37,421
Total cash price paid upon acquisition and fair value of existing equity interest	$	54,283