XML 43 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Asset Acquisition and License Agreements - Additional Information (Detail) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2016
Sep. 30, 2016
Dec. 01, 2015
Asset Acquisition [Line Items]          
Restricted cash (SRX Cardio) [1] $ 1,930,000 $ 341,000 $ 1,930,000 $ 1,930,000  
Net income attributable to noncontrolling interest (SRX Cardio)     1,853,000 $ 1,853,000  
SRX Cardio          
Asset Acquisition [Line Items]          
Variable interest entity, Terms of arrangements       Accordingly, SRX Cardio is subject to consolidation and we have consolidated the financial statements of SRX Cardio since inception of the agreement on December 1, 2015 by (a) eliminating all intercompany balances and transactions; and (b) allocating loss attributable to the noncontrolling interest in SRX Cardio to net loss attributable to noncontrolling interest in our consolidated statement of operations and reflecting noncontrolling interest on our consolidated balance sheet.  
Variable interest entity, Upfront payment 2,200,000 $ 500,000      
Fair value of indefinite lived intangible assets         $ 3,200,000
Noncontrolling interest in variable Interest entity         $ 2,900,000
Restricted cash (SRX Cardio) $ 1,900,000   1,900,000 $ 1,900,000  
SRX Cardio | License Agreement          
Asset Acquisition [Line Items]          
Notice period for agreement termination 90 days        
SRX Cardio | License Agreement | Maximum          
Asset Acquisition [Line Items]          
Research and development milestone payment obligation $ 152,500,000   $ 152,500,000 $ 152,500,000  
Percentage of royalties on net sales, obligated to pay 6.00%        
SRX Cardio | License Agreement | Minimum          
Asset Acquisition [Line Items]          
Percentage of royalties on net sales, obligated to pay 2.00%        
[1] Amounts include the assets and liabilities of SRX Cardio, LLC, a consolidated variable interest entity (“VIE”). Portola's interests and obligations with respect to the VIE's assets and liabilities are limited to those accorded to Portola in its agreement with the VIE. See Note 7, “Asset Acquisition and License Agreements,” to these condensed consolidated financial statements.