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&lt;p style="TEXT-INDENT: 42pt; MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;On July&amp;#160;15, 2013, the Company and Swedish Orphan Biovitrum AB (publ) (&amp;#8220;Sobi&amp;#8221;) announced that they had entered into a collaboration agreement (the &amp;#8220;Sobi Agreement&amp;#8221;). Under the Sobi Agreement, Sobi was granted the right to develop and commercialize XIAPEX for the treatment in humans of Peyronie&amp;#8217;s Disease, if approved, and Dupuytren&amp;#8217;s Contracture in 28 European Union member countries, Switzerland, Norway,&amp;#160;Iceland, 18 Central Eastern Europe/Commonwealth of Independent countries, including Russia and Turkey, and 22 Middle Eastern&amp;#160;&amp;amp; North African countries.&amp;#160; Under the terms of the Sobi Agreement, the Company expects to receive significant tiered royalties within the range of 55-65%, 50-60% and 45-55% based on sales of XIAPEX in Sobi&amp;#8217;s territories, which will also cover payment for product supply.&amp;#160; The tiered royalty percentages will decrease by approximately 10% upon the occurrence of certain manufacturing milestones or July&amp;#160;1, 2016, whichever is earlier.&amp;#160; Additionally, Sobi could make up to $40 million in potential sales milestone payments to the Company. For a further description of the Sobi Agreement, please see the Company&amp;#8217;s Current Report on Form&amp;#160;8-K, filed with the SEC on July&amp;#160;15, 2013.&lt;/font&gt;&lt;/p&gt;
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&lt;p style="TEXT-INDENT: 24pt; MARGIN: 0in 0in 0pt;"&gt;&lt;font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2"&gt;On July 31, 2013, the Company and GlaxoSmithKline LLC (&amp;#8216;GSK&amp;#8221;) agreed to mutually terminate their co-promotion agreement for the sale of Testim. As a result, the Company reversed to income for the three and six months ended June&amp;#160;30, 2013 the $1,015 accrual recorded in 2012 for post-expiration obligations to GSK.&lt;/font&gt;&lt;/p&gt;
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