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Inventories
6 Months Ended
Jun. 30, 2012
Inventories [Abstract]  
Inventories

Note 5. Inventories

The components of inventories are as follows (in thousands):

 

                 
         June 30,     
2012
    December 31,
2011
 

Raw materials

  $ 30     $ 10  

Work-in-process

    —         591  

Finished goods

    38       53  
   

 

 

   

 

 

 
    $ 68     $ 654  
   

 

 

   

 

 

 

As a result of the Company’s re-organization in March 2012 which resulted in a significant reduction of its expected Qutenza revenues in the United States, the Company recorded a write-down of inventory of $0.6 million in the six months ended June 30, 2012. This inventory write-down relates primarily to supplies of the active pharmaceutical ingredient which the Company determined to be in excess of its forecasted commercial inventory manufacturing needs.