Termination and Settlement of Elite Medical Holdings and Pac 3 Surgical Collaboration Agreement

9 Months Ended

Sep. 30, 2018

Termination And Settlement Agreement [Abstract]

Termination and Settlement of Elite Medical Holdings and Pac 3 Surgical Collaboration Agreement

12. Termination and Settlement of Elite Medical Holdings and Pac 3 Surgical Collaboration Agreement

In February 2018, the Company reached a settlement agreement with Elite Medical Holdings and Pac 3 Surgical, pursuant to which the Company made a cash payment of $0.4 million as the final and total compensation under the original agreement.  In addition, the parties agreed to release each other and waive any and all rights and claims arising from the original agreement.  The Company recorded a gain of approximately $6.2 million during the nine months ended September 30, 2018, reflecting the reversal of accrued obligations previously recorded under the collaboration.