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License Agreements and Services Agreement with Ionis (Tables)
3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Schedule Of Net Loss Share Related to Commercial Activities Under TTR Agreement

A summary of the loss share related to the commercial activities under the TTR Agreement is as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2019

 

Net losses incurred by the collaboration related to the

   commercial activities under the TTR Agreement

 

$

(15,098

)

Ionis' share of commercial losses under the TTR Agreement reflected in our

   consolidated statements of operations

 

 

(9,056

)

Akcea's share of commercial losses under the TTR Agreement reflected in our

   consolidated statements of operations

 

$

(6,042

)

Schedule Of Development Expenses Related to TTR Agreement

 

A summary of the development expenses related to the TTR Agreement is as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2019

 

Total development expense incurred by the collaboration related to

   development activities under the TTR Agreement

 

$

(14,380

)

Akcea's share of TTR development expense reflected in research and

   development expense in our consolidated statements of operations

 

$

(6,133

)

Amounts Recorded Related to Transactions with Ionis Including Amounts Related to TTR Licensing Transaction

The following table summarizes the amounts recorded related to transactions with Ionis including amounts related to the TTR licensing transaction for the following periods (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2019

 

 

2018

 

Operating expenses:

 

 

 

 

 

 

 

 

Services performed by Ionis

 

$

1,075

 

 

$

1,945

 

Active pharmaceutical ingredient manufactured by Ionis

 

 

 

 

 

5,229

 

Sublicensing expenses

 

 

75,000

 

 

 

 

Out-of-pocket expenses paid by Ionis

 

 

1,571

 

 

 

6,236

 

Less: commercial share of loss in connection with the TTR license

   transaction

 

 

(9,056

)

 

 

 

Less: R&D share of loss in connection with the TTR license

   transaction

 

 

(796

)

 

 

 

Total operating expenses generated by transactions with Ionis

 

 

67,794

 

 

 

13,410

 

Less: distribution to Ionis

 

 

13,492

 

 

 

 

Total charges generated by transactions with Ionis

 

 

81,286

 

 

 

13,410

 

Payable balance to Ionis at the beginning of the period

 

 

18,901

 

 

 

14,365

 

Less: total amounts paid to Ionis during the period

 

 

(32,393

)

 

 

(38

)

Less: non-cash sublicensing expenses

 

 

(75,000

)

 

 

 

Total amount payable (receivable) to Ionis at period end

 

$

(7,206

)

 

$

27,737