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Research Grants And Agreements
9 Months Ended
Sep. 30, 2020
Research Grants And Agreements [Abstract]  
Research Grants And Agreements 7. Research Grants and Agreements

Sponsored Research Agreement

Annually, the Company may sponsor research activities (SRAs) performed by Old Dominion University’s Frank Reidy Center (ODURF). 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 year ended December 31, 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, 2020, the Company has incurred costs of the entire $0.8 million under this agreement.

During the three-month periods ended September 30, 2020 and 2019, the Company incurred costs relating to the SRAs equal to $0.2 million and $0.1 million, respectively; and during both the nine-month periods ended September 30, 2020 and 2019 the Company incurred costs of $0.6 million.