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Collaboration and License Agreement (Tables)
6 Months Ended
Jun. 30, 2018
Collaboration And License Agreement Disclosure [Abstract]  
Changes in Contract Assets and Liabilities

The following table presents changes in the Company’s contract assets and liabilities, which excludes research and development reimbursements under the mavacamten registration program plan, for the six months ended June 30, 2017 and 2018 (in thousands):

 

 

 

Six Months Ended June 30, 2018

 

 

 

Balance at

Beginning of Period

 

 

Additions

 

 

Deductions

 

 

Balance at End

of Period

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

33,558

 

 

$

—

 

 

$

(11,970

)

 

$

21,588

 

 

 

 

Six Months Ended June 30, 2017

 

 

 

Balance at

Beginning of Period

 

 

Additions

 

 

Deductions

 

 

Balance at End

of Period

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable from collaboration partner

 

$

45,000

 

 

$

—

 

 

$

(45,000

)

 

$

—

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

45,000

 

 

$

—

 

 

$

(5,411

)

 

$

39,589

 

 

Schedule of Receivables and Prepayments From Collaboration Partner

The following table presents the RPP related receivables and prepayments during the six months ending June 30, 2018 (in thousands):

 

 

 

Balance at

December 31, 2017

 

 

Payments

Received from

Sanofi under RPP

 

 

Actual Expenses

Incurred

 

 

Balance at

June 30, 2018

 

Receivable from collaboration partner

 

$

1,013

 

 

$

(1,013

)

 

$

—

 

 

$

—

 

Prepayment from collaboration partner

 

$

4,432

 

 

$

11,809

 

 

$

(7,126

)

 

$

9,115