XML 58 R44.htm IDEA: XBRL DOCUMENT v3.3.1.900
MAYO LICENSE AGREEMENT (Details)
1 Months Ended 3 Months Ended 12 Months Ended 18 Months Ended
Jul. 24, 2015
shares
Dec. 16, 2014
shares
Apr. 02, 2014
shares
Jun. 21, 2013
shares
Jun. 30, 2009
item
$ / shares
shares
Jan. 31, 2016
USD ($)
Aug. 31, 2014
USD ($)
Sep. 30, 2011
shares
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Jun. 30, 2014
shares
Feb. 28, 2015
USD ($)
installment
Dec. 31, 2009
shares
Warrants                                            
Number of shares of common stock covered by warrants | shares                                           75,000
Other Payments                                            
Charges incurred as part of the research collaboration                 $ 9,365,000 $ 9,863,000 $ 8,115,000 $ 6,571,000 $ 4,992,000 $ 9,073,000 $ 7,174,000 $ 7,430,000 $ 33,914,000 $ 28,669,000 $ 27,678,000      
Amendments                                            
Number of shares of restricted stock granted as a consideration for the expanded license | shares 7,000,000 4,000,000 11,500,000 6,300,000                                    
Licensing Agreements | MAYO                                            
Warrants                                            
Number of common stock purchase warrants granted | item         2                                  
Exercise price (in dollars per share) | $ / shares         $ 1.90                                  
Value of common stock required to be issued upon commercial launch of second and third products           $ 200,000                                
Other Payments                                            
Milestone payment contingent upon FDA approval             $ 500,000                              
Charges incurred as part of the research collaboration                                 2,600,000 2,300,000 1,700,000      
Payments for research and development efforts                                 2,600,000 700,000 $ 1,000,000      
Estimated liability for research and development efforts                 $ 1,300,000       $ 1,500,000       $ 1,300,000 $ 1,500,000        
Amendments                                            
Time period after the last licensed patent expires that the license agreement will remain in effect                                 5 years          
License fees payable in five annual installments                                         $ 5,000,000  
Number of annual installments in which license fees are payable | installment                                         5  
Licensing Agreements | Minimum | MAYO                                            
Warrants                                            
Royalty payments                                 $ 25,000          
Licensing Agreements | Warrant Covering One Million Shares | MAYO                                            
Warrants                                            
Number of shares of common stock covered by warrants | shares         1,000,000                                  
Warrants exercised, gross (in shares) | shares               1,000,000                            
Licensing Agreements | Warrant Covering Two Hundred Fifty Thousand Shares | MAYO                                            
Warrants                                            
Number of shares of common stock covered by warrants | shares         250,000                                  
Warrants exercised, gross (in shares) | shares                                       250,000    
Sales Milestone Range One | Licensing Agreements | MAYO                                            
Warrants                                            
Amount agreed to be paid upon reaching the specified amount of net sales           200,000                                
Net sales of a licensed product           5,000,000                                
Sales Milestone Range Two | Licensing Agreements | MAYO                                            
Warrants                                            
Amount agreed to be paid upon reaching the specified amount of net sales           750,000                                
Net sales of a licensed product           20,000,000                                
Sales Milestone Range Three | Licensing Agreements | MAYO                                            
Warrants                                            
Amount agreed to be paid upon reaching the specified amount of net sales           2,000,000                                
Net sales of a licensed product           $ 50,000,000