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SIGNIFICANT AGREEMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Revenue from Collaborators

The following table summarizes our total consolidated net revenues from collaborators, for the periods indicated, in thousands:

 

 

 

Year Ended December 31,

Description

 

2017

 

 

2016

 

 

2015

 

 

Sanofi Genzyme

 

$

54,625

 

 

$

32,015

 

 

$

11,005

 

 

MDCO

 

 

30,217

 

 

 

11,220

 

 

 

10,301

 

 

Takeda

 

 

 

 

 

 

 

 

8,867

 

 

Monsanto

 

 

2,500

 

 

 

 

 

 

5,621

 

 

Other

 

 

2,570

 

 

 

3,924

 

 

 

5,303

 

 

Total net revenues from collaborators

 

$

89,912

 

 

$

47,159

 

 

$

41,097

 

 

 

Schedule of Research and Development Expenses Incurred by Type that are Directly Attributable to Each Significant Agreement

The following table provides the research and development expenses incurred by type that are directly attributable to each significant agreement for the periods indicated, in thousands:

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

Sanofi Genzyme

 

 

MDCO

 

 

Ionis

 

 

Sanofi Genzyme

 

 

MDCO

 

 

Ionis

 

 

Sanofi Genzyme

 

 

MDCO

 

 

Ionis

 

Research and development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clinical trial and manufacturing

 

$

174,901

 

 

$

5,421

 

 

$

 

 

$

150,179

 

 

$

1,211

 

 

$

 

 

$

108,903

 

 

$

3,308

 

 

$

 

External services

 

 

4,475

 

 

 

 

 

 

3,250

 

 

 

7,366

 

 

 

 

 

 

 

 

 

3,151

 

 

 

770

 

 

 

 

Other

 

 

5,327

 

 

 

106

 

 

 

 

 

 

3,035

 

 

 

64

 

 

 

525

 

 

 

3,714

 

 

 

497

 

 

 

3,300

 

Total research and

   development expenses

 

$

184,703

 

 

$

5,527

 

 

$

3,250

 

 

$

160,580

 

 

$

1,275

 

 

$

525

 

 

$

115,768

 

 

$

4,575

 

 

$

3,300

 

 

Information Related to 2014 Sanofi Genzyme Collaboration

The following table presents information related to the 2014 Sanofi Genzyme collaboration, in thousands:

 

Excess of fair value of our common stock issued to Sanofi Genzyme in February 2014

 

$

(51,450

)

Deferred revenue remaining under the 2012 Sanofi Genzyme agreement upon execution of the

   2014 Sanofi Genzyme collaboration

 

 

33,500

 

Milestone payment received:

 

 

 

 

Year-ended December 31, 2014

 

 

25,000

 

Development expense reimbursement from Sanofi Genzyme:

 

 

 

 

Year-ended December 31, 2015

 

 

33,949

 

Year-ended December 31, 2016

 

 

54,337

 

Year-ended December 31, 2017

 

 

51,846

 

Total consideration at December 31, 2017

 

$

147,182

 

Cumulative revenue recognized at December 31, 2017

 

$

98,014

 

Deferred revenue at December 31, 2017

 

$

49,168