Acquisition of Bellwether Bio (Tables)

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the total consideration to the estimated fair values of assets acquired and liabilities assumed:

	Amount
	(unaudited)
	(in thousands)
Cash	$	521
Identified intangible assets	9,200
Goodwill	2,935
Net liabilities assumed	(1,235		)
Total	$	11,421

Schedule of Intangible Assets Acquired

The following table presents details of the identified intangible assets acquired:

	Fair Value		Estimated Useful Life
	(in thousands)
Acquired license	$	5,100	10 years
Covenants not to compete	2,500		6 years
IPR&D	1,600		*
Total	$	9,200

* IPR&D assets are not subject to amortization.