Related Party Transactions

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

Related Party Transactions

(13) Related Party Transactions

(a) Board Member

For the three months ended March 31, 2022 and 2021, the Company paid consulting fees of $100 and $95, respectively, to a member of its board of directors.

(b) Bill and Melinda Gates Foundation

For the three months ended March 31, 2022 and 2021, the Bill & Melinda Gates Foundation, an entity under common control with Bill and Melinda Gates Foundation Trust, a stockholder of the Company, issued a grant under which it agreed to pay the Company directly for certain licenses and services provided to a specified group of third-party organizations. Revenue recognized for services provided by the Company under this grant were $200 and $730 for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022 and December 31, 2021, the Company had net receivables of $8 and $165, respectively, due from the Bill & Melinda Gates Foundation.

For the three months ended March 31, 2022 and December 31, 2021, the Company recognized $341 and $111, respectively, in drug discovery contribution revenue related to funds received under an agreement with the Bill & Melinda Gates Foundation, aimed at accelerating drug discovery in women’s health. As of March 31, 2022 and December 31, 2021, the Company had no receivables due under this agreement from the Bill & Melinda Gates Foundation.

The Company received $1,000 in contribution revenue in connection with its entry into an agreement with Gates Ventures, LLC in the second quarter of 2020, and $1,000 in contribution revenue in the second quarter of 2021 on the first anniversary of its entry into the agreement. Gates Ventures, LLC is an entity under control of William H. Gates III, who may be deemed to be the beneficial owner of more than 5% of the Company’s voting securities. As of March 31, 2022 and December 31, 2021, the Company had no net receivables due from Gates Ventures, LLC.

(c) ShouTi

During the year ended December 31, 2021, the Company entered into multiple software agreements with ShouTi and its subsidiary for approximately $650. The Company recognized revenue of approximately $77 in the aggregate related to these agreements during the three months ended March 31, 2022.