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Product Revenue
6 Months Ended
Jun. 30, 2018
Disclosure Text Block  
Product Revenue

15.  Product Revenue

The Company’s product sales are derived from the sale of ABRAXANE®, REVLIMID®, and VIDAZA® in China under a distribution license from Celgene. The table below presents the Company’s net product sales for the three and six months ended June 30, 2018 and 2017.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

Six Months Ended 

 

 

 

 

June 30, 

 

June 30, 

 

 

    

 

2018

    

2017

    

2018

    

2017

 

 

 

 

$

 

$

 

$

 

$

 

Product revenue – gross

 

 

31,670

 

 —

 

55,155

 

 —

 

Less: Rebate and sales return

 

 

(244)

 

 —

 

(479)

 

 —

 

Product revenue – net

 

 

31,426

 

 —

 

54,676

 

 —

 

 

The following table presents the rollforward of accrued sales rebates and returns for the six months ended June 30, 2018:

 

 

 

 

 

 

    

Sales Rebates
and Returns

 

 

$

Balance as of December 31, 2017

 

 

3,997

Accrual

 

 

479

Payments

 

 

(3,789)

Balance as of June 30, 2018

 

 

687