Research Grants And Agreements

9 Months Ended

Sep. 30, 2019

Research Grants And Agreements [Abstract]

Research Grants And Agreements

9.  Research Grants and Agreements

Sponsored Research Agreement

The Company may annually sponsor research activities (“SRAs”) performed by the 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 quarter ended September 30, 2019, the Company agreed to sponsor $0.8 million in research during the subsequent 12-month period 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 September 30, 2019, approximately $0.8 million remained payable under this agreement.

During the three-month periods ended September 30, 2019 and 2018, the Company paid and incurred costs relating to the SRAs equal to $0.1 million and $0.1 million, respectively. During the nine-month periods ended September 30, 2019 and 2018, the Company paid and incurred costs related to the SRAs equal to $0.6 million and $0.6 million, respectively.