XML 51 R40.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and contingencies - Neurocrine Collaboration Agreement - (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
item
$ / shares
shares
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
shares
Dec. 31, 2019
USD ($)
Allocation of Transaction Price            
Related party collaboration receivable $ 12,686     $ 12,686   $ 18,496
Neurocrine | FA Program            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Percentage of profit or loss under co-co option after paying rate-shifting fee     60.00%      
Neurocrine Collaboration Agreement | Parkinson's Program            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Percentage of profit or loss under co-co option     50.00%      
Percentage of profit or loss under co-co option after paying rate-shifting fee     45.00%      
Neurocrine Collaboration Agreement | FA Program            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Percentage of profit or loss under co-co option after paying rate-shifting fee     40.00%      
Neurocrine Collaboration Agreement | Neurocrine            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Number of collaboration programs | item     4      
Number of discovery programs | item     2      
Programs added later | item     2      
Number of targets | item     8      
Upfront payment     $ 115,000   $ 115,000  
Purchase of common stock, shares | shares     4,179,728   4,179,728  
Purchase of common stock     $ 50,000   $ 50,000  
Price per share | $ / shares     $ 11.9625      
Estimated cost reimbursement 340,400       431,100  
Termination period     10 years      
Period of advance notice for termination prior to first commercial sale     180 days      
Period of advance notice for termination after first commercial sale     1 year      
Payment from June 2019 Modification         5,000  
Discount related to equity investment         27,600  
Allocation of Transaction Price            
Allocation of variable consideration 340,442     340,442    
Allocation of fixed consideration 92,382 $ 92,400   92,382 92,400  
Revenue recognized 24,500 $ 12,500   38,900 14,400  
Deferred revenue 50,100     50,100    
Reimbursement costs expected to be received 12,700     12,700    
Costs to obtain collaboration agreement 800     800    
Consideration received         $ 5,000  
Neurocrine Collaboration Agreement | Neurocrine | Maximum            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Percentage of reduction in royalty payments     50.00%      
Neurocrine Collaboration Agreement | Neurocrine | Parkinson's Program            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Percentage of profit or loss under co-co option     50.00%      
Rate-shifting fee     $ 35,000      
Percentage of profit or loss under co-co option after paying rate-shifting fee     55.00%      
Allocation of Transaction Price            
Allocation of variable consideration 83,983     83,983    
Allocation of fixed consideration 80,373     80,373    
Neurocrine Collaboration Agreement | Neurocrine | FA Program            
Allocation of Transaction Price            
Allocation of variable consideration 113,033     113,033    
Allocation of fixed consideration 6,005     6,005    
Neurocrine Collaboration Agreement | Neurocrine | Discovery program 1            
Allocation of Transaction Price            
Allocation of variable consideration 72,164     72,164    
Allocation of fixed consideration 3,002     3,002    
Neurocrine Collaboration Agreement | Neurocrine | Discovery program 2            
Allocation of Transaction Price            
Allocation of variable consideration 71,262     71,262    
Allocation of fixed consideration $ 3,002     $ 3,002    
Neurocrine Collaboration Agreement | Neurocrine | Development and regulatory milestones | Parkinson's Program            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Aggregate maximum milestone payments to be received from collaborative partner     $ 170,000      
Neurocrine Collaboration Agreement | Neurocrine | Development and regulatory milestones | FA Program            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Aggregate maximum milestone payments to be received from collaborative partner     195,000      
Neurocrine Collaboration Agreement | Neurocrine | Development and regulatory milestones | Discovery program 1            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Aggregate maximum milestone payments to be received from collaborative partner     130,000      
Neurocrine Collaboration Agreement | Neurocrine | Commercial Milestone            
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]            
Per Milestone, maximum milestone payments to be received from collaborative partner     275,000      
Aggregate maximum milestone payments to be received from collaborative partner     $ 1,100,000