XML 58 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727
Subsequent Event
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Event
Subsequent Event
In August 2015, we entered into a CodeEvolver® platform technology license agreement with Merck.
Under the terms of the agreement, we granted Merck a non-exclusive license to use our proprietary CodeEvolver® protein engineering platform technology to develop novel enzymes for use in the manufacture of Merck's pharmaceutical products.
We are eligible to receive up to $18 million over approximately the next 15 to 24 months, $5 million of which was paid upon the signing of the agreement and an additional $13 million subject to the satisfactory completion of certain technology transfer milestones. We will also be eligible to receive payments of up to a maximum of $15 million for each active pharmaceutical ingredient using novel enzymes developed by Merck using the CodeEvolver® technology and used for commercial manufacturing purposes.