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Agreement with Eli Lilly and Company (Tables)
 9 Months Ended
Sep. 30, 2019
Agreement with Eli Lilly and Company  
Summary of deferred revenue included in the Company’s balance sheets

As of September 30, 2019, deferred revenue included in the Company’s balance sheets comprised the following (in thousands):

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

    

2019

    

2018

Deferred revenue, beginning of period

 

$

26,725

 

$

 —

Up-front payment

 

 

 —

 

 

25,000

Attributed premium on the proceeds from Lilly’s investment in the Company

 

 

 —

 

 

1,725

Research and development support billing

 

 

1,500

 

 

 —

Revenue from research and development arrangement recognized

 

 

(4,342)

 

 

 —

Total deferred revenue, end of period

 

 

23,883

 

 

26,725

Less: Deferred revenue, current portion

 

 

(6,199)

 

 

(4,989)

Deferred revenue, non-current portion

 

$

17,684

 

$

21,736