Related Party Transactions

3 Months Ended

Mar. 31, 2023

Related Party Transactions

Related Party Transactions

17. Related Party Transactions

As of March 31, 2023, Vifor International owned 7,396,770, or 13.7%, of the Company’s common stock. CSL Vifor and its affiliates are considered related parties as of March 31, 2023 and December 31, 2022 (see Note 11, Collaboration and Licensing Agreements).

As of March 31, 2023 and December 31, 2022, amounts due from CSL Vifor of $6,066 and $3,260 primarily relating to the Company’s share of the profit generated by sales of KORSUVA injection in the United States by CSL Vifor and its commercial supply of KORSUVA injection to CSL Vifor were included within accounts receivable, net – related party.

The Company’s collaborative revenue of $2,750 from its share of the profit generated by sales of KORSUVA injection in the United States by CSL Vifor was included within collaborative revenue for the three months ended March 31, 2023.

Sales of KORSUVA injection to CSL Vifor of $3,191 and $4,790 were included within commercial supply revenue for the three months ended March 31, 2023 and 2022, respectively. The associated COGS for the Company’s commercial supply revenue from CSL Vifor was $2,590 and $2,081 for the three months ended March 31, 2023 and 2022, respectively.

The Company recorded $125 as royalty revenue based on net sales of Kapruvia during the three months ended March 31, 2023.