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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Property Plant and Equipment Estimated Useful Lives

Property, plant and equipment are recorded at cost and are amortized over their estimated useful lives using the straight-line method based on the following rates:

 

Asset

 

Rate

Research equipment

 

5 years

Office furniture and equipment

 

5 years

Computer equipment

 

3 years

Leasehold improvements

 

Over the lesser of lease term or estimated useful life

 

Revenue Recognized From Collaborations

The following table is a summary of the revenue recognized from the Company’s collaborations for each of the years ended December 31, 2014, 2013 and 2012.

 

 

 

Year Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

uniQure:

 

 

 

 

 

 

 

 

 

 

 

 

Milestone payment

 

$

14

 

 

$

531

 

 

$

198

 

Teva:

 

 

 

 

 

 

 

 

 

 

 

 

Recognition of upfront payment

 

 

12,255

 

 

 

13,143

 

 

 

927

 

Research funding

 

 

333

 

 

 

630

 

 

 

 

Genentech:

 

 

 

 

 

 

 

 

 

 

 

 

Recognition of upfront payment

 

 

3,603

 

 

 

3,300

 

 

 

3,431

 

Research funding

 

 

4,248

 

 

 

4,514

 

 

 

3,517

 

Milestone payment

 

 

7,913

 

 

 

5,062

 

 

 

 

Merck:

 

 

 

 

 

 

 

 

 

 

 

 

Recognition of initial payment

 

 

 

 

 

 

 

 

1,060

 

Option fee

 

 

 

 

 

 

 

 

2,060

 

Research funding

 

 

 

 

 

 

 

 

2,442

 

Genome BC:

 

 

 

 

 

 

 

 

 

 

 

 

Research funding

 

 

 

 

 

172

 

 

 

665

 

Total collaboration revenue

 

$

28,366

 

 

$

27,352

 

 

$

14,300

 

 

Collaboration Research And Development Revenue [Member]  
Revenue Recognized From Collaborations

Collaborators whose collaboration research and development revenue accounted for 10% or more of total revenues were as follows:

 

 

 

Year ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

Genentech

 

$

15,764

 

 

$

12,876

 

 

$

6,948

 

Merck

 

 

 

 

 

 

 

 

5,562

 

Teva

 

 

12,588

 

 

 

13,773