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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of Manufacturing and Other Contingent Milestone and Co-Development Payments

The Company is also subject to certain contingent milestone payments, disclosed in the following table, payable to the Company’s manufacturer of its nebulizer used to administer Molgradex. In addition to these milestones, the Company will owe a royalty to the manufacturer of its nebulizer based on net sales. The royalty rate ranges from three and a half percent (3.5%) to five percent (5%) depending on the device technology used by the Company to administer the product.

Manufacturing and Other Contingent Milestone and Co-Development Payments (in thousands):

 

 

 

September 30, 2018

 

Molgradex API manufacturer:

 

 

 

 

Delivery of working and master cell banks

 

$

600

 

Achievement of certain milestones related to

   regulatory approval of Molgradex

 

 

2,000

 

Molgradex nebulizer manufacturer:

 

 

 

 

Achievement of various development activities and

   regulatory approval of nebulizer utilized to administer

   Molgradex

 

 

8,062

 

Molgradex (aPAP) Japanese licensee:

 

 

 

 

Co-development and regulatory costs

 

 

750

 

Total manufacturing and other commitments

 

$

11,412