XML 65 R55.htm IDEA: XBRL DOCUMENT v3.22.1
Long-Term Debt - Narrative (Detail)
1 Months Ended 3 Months Ended
May 06, 2021
d
May 01, 2019
USD ($)
Feb. 25, 2019
USD ($)
Apr. 23, 2018
$ / shares
Apr. 30, 2018
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Apr. 18, 2018
USD ($)
$ / shares
Debt Instrument [Line Items]                  
Direct and incremental third-party expenses accounted for as debt issuance costs           $ 0 $ 397,000    
Paid-in-kind interest           1,521,000 335,000    
4.75% Convertible Senior Subordinated Notes due 2024                  
Debt Instrument [Line Items]                  
Term loan funded at execution           $ 165,000,000   $ 165,000,000  
Debt Instrument, Frequency of Periodic Payment (in years)           five      
Amortization expense on debt issuance costs           $ 700,000      
Coupon interest expense           1,100,000 1,100,000    
Debt instrument conversion (in USD per share) | $ / shares       $ 15.90          
Debt instrument conversion premium (in percent)       20.00%          
Closing price of the common stock (in USD per share) | $ / shares                 $ 13.25
Percentage of common stock price 130.00%                
Debt instrument, convertible, threshold trading days | d 20                
Debt instrument, convertible, threshold consecutive trading days | d 30                
Percentage of debt instrument redemption price 100.00%                
Debt instrument, debt default, minimum percentage of aggregate principal amount due       25.00%          
Costs incurred on issuance of debt         $ 6,000,000 $ 2,312,000   2,572,000  
Net proceeds from issuance of long-term convertible debt         $ 159,000,000        
Loan interest rate           5.47%      
Debt instrument initial conversion rate       0.063          
4.75% Convertible Senior Subordinated Notes due 2024 | J. Wood Capital Advisors LLC                  
Debt Instrument [Line Items]                  
Principal amount outstanding                 $ 5,000,000
Purchase Agreement | 4.75% Convertible Senior Subordinated Notes due 2024                  
Debt Instrument [Line Items]                  
Principal amount outstanding                 $ 135,000,000
Debt instrument, interest rate       4.75%         4.75%
Additional principal amount outstanding                 $ 25,000,000
R-Bridge Loan Agreement                  
Debt Instrument [Line Items]                  
Line of credit facility, borrowing capacity           $ 60,000,000      
Percentage of Initial sale on NUZYRA           2.50%      
Maximum percentage of net sales adjust under certain circumstances           5.00%      
Sales annual cap           $ 10,000,000      
Sales annual cap adjust under certain circumstances           $ 12,000,000      
Interest rate of annual rate           7.00%      
Annual interest rate on event of default           10.00%      
Accrued interest up to excess of principal payment           $ 15,000,000      
Collection amount in excess of annual cap shared between parties           15,000,000      
Excess of initial collection amount shared between parties           15,000,000      
Loan capped amount           114,000,000      
Event of default occurred amount           0      
Net proceeds           58,300,000      
Term loan funded at execution           60,000,000      
Lender fees accounted for as debt discount           1,100,000      
Direct and incremental third-party expenses accounted for as debt issuance costs           600,000      
Costs incurred on issuance of debt           1,385,000   1,443,000  
Interest expense           2,000,000 2,000,000    
Paid-in-kind interest           300,000 200,000    
Royalty Backed Loan Agreement                  
Debt Instrument [Line Items]                  
Costs incurred on issuance of debt           1,629,000   $ 1,673,000  
Paid-in-kind interest           500,000      
Royalty Backed Loan Agreement | Healthcare Royalty Partners III, L.P                  
Debt Instrument [Line Items]                  
Line of credit facility, borrowing capacity     $ 32,500,000            
Interest rate of annual rate     12.00%            
Interest expense           $ 1,000,000 $ 1,000,000    
Proceeds from lines of credit   $ 27,800,000              
Line of credit net of lender discount   500,000              
Line of credit lender expenses   200,000              
Line of credit deposits into interest reserve account   4,000,000              
Repayment of other lender fees   $ 1,200,000              
Line of credit facility, fee (in percent)     1.50%            
Royalty Backed Loan Agreement | Healthcare Royalty Partners III, L.P | Maximum                  
Debt Instrument [Line Items]                  
Line of credit facility, periodic payment     $ 300,000