BUSINESS COMBINATION AND DIVESTITURE OF ASSETS (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of purchase price allocation

The purchase price allocation of $91.3 million as of the acquisition completion date of March 31, 2015 is as follows (in thousands):

Cash paid upon consummation	$	33,430
Present value of contingent consideration and service fees	42,010
Fair Value of 661,279 shares issued to Asklepion	15,844
Total Purchase Price	$	91,284
Fair Value of Assets Acquired and Liabilities Assumed
Acquired product rights-Cholbam (Intangible  Asset)	$	83,200
Pediatric Priority Review Voucher	96,250
Inventory	777
Deferred tax liability	(39,880		)
Total Allocation of Purchase Price	$	140,347
Bargain Purchase Gain	(49,063		)
Total Purchase Price	$	91,284

The purchase price allocation of $73.2 million as of the Manchester Closing Date was as follows:

	Amount (in thousands)
Cash paid upon consummation, net	$	29,150
Secured promissory note	31,283
Fair value of business combination-related contingent consideration	12,800
Total purchase price	$	73,233
Prepaid expenses	$	116
Inventory	517
Product rights	71,372
Trade names	175
Customer relationship	403
Goodwill	936
Other asset	1,522
Accounts payable and accrued expenses	(286		)
Other liability	(1,522		)
Total allocation of purchase price consideration	$	73,233

The purchase price allocation of $73.2 million as of the Manchester Closing Date was as follows:

	Amount (in thousands)
Cash paid upon consummation, net	$	29,150
Secured promissory note	31,283
Fair value of business combination-related contingent consideration	12,800
Total purchase price	$	73,233
Prepaid expenses	$	116
Inventory	517
Product rights	71,372
Trade names	175
Customer relationship	403
Goodwill	936
Other asset	1,522
Accounts payable and accrued expenses	(286		)
Other liability	(1,522		)
Total allocation of purchase price consideration	$	73,233