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Research Grants And Agreements
3 Months Ended
Mar. 31, 2017
Research Grants And Agreements [Abstract]  
Research Grants And Agreements

8.   Research Grants and Agreements

Sponsored Research Agreement

The Company entered into a Sponsored Research Agreement (“SRA”) with the Old Dominion University Research Foundation (“ODURF”) during 2014 pursuant to which the Company sponsors research activities performed by ODURF’s Frank Reidy Center. ODURF is compensated by the Company for its conduct of each study in accordance with the budget and payment terms set forth in the applicable task order. During the second quarter of 2016, the Company agreed to sponsor $1.0 million in research during the subsequent 12-month period to be funded through monthly payments made upon ODURF certifying, to the Company’s reasonable satisfaction, that ODURF has met its obligations pursuant to the specified task order and statement of work. The principal investigator may transfer funds with the budget as needed without the Company’s approval so long as the obligations of ODURF under the task order and statement of work remain unchanged and unimpaired.  As of March 31, 2017, the Company had no remaining research payments due to ODURF.

During the three-month periods ended March 31, 2017 and 2016, the Company paid and incurred costs relating to the SRA equal to $250,000 and $164,000, respectively.