XML 55 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Related Party Transactions (Narrative) (Details)
3 Months Ended 6 Months Ended
Aug. 01, 2020
Dec. 30, 2019
USD ($)
Dec. 27, 2019
USD ($)
director
day
shares
Jun. 04, 2019
USD ($)
$ / shares
shares
Sep. 30, 2020
USD ($)
shares
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
shares
Sep. 30, 2019
USD ($)
Aug. 05, 2020
USD ($)
Related Party Transaction [Line Items]                  
Proceeds from related party debt financing             $ 140,000,000 $ 0  
Interest expense (related party)         $ 2,115,000 $ 0 4,299,000 0  
Sumitomo Dainippon Pharma Co., Ltd. | Market Access Services Agreement                  
Related Party Transaction [Line Items]                  
Termination notice period 9 months                
Expenses incurred under agreements         $ 1,100,000   $ 1,100,000    
Agreement term 3 years                
Agreement extension term 1 year                
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder                  
Related Party Transaction [Line Items]                  
Number of shares owned (in shares) | shares     45,008,604   48,641,181   48,641,181    
Ownership percentage     50.20%   53.70%   53.70%    
Ownership threshold for appointment of directors     50.00%            
Number of independent directors required for audit commitee | director     3            
Ownership threshold for voting rights     60.00%            
Ownership threshold for right of ownership percentage maintenance     50.00%            
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder | Sumitovant Consulting Agreement                  
Related Party Transaction [Line Items]                  
Expenses incurred under agreements         $ 200,000   $ 300,000    
Roivant Sciences, Ltd. | Majority Shareholder | Service Agreement                  
Related Party Transaction [Line Items]                  
Expenses incurred under agreements           200,000   400,000  
Roivant Sciences, Ltd. | Majority Shareholder | Share-based Compensation, Expense Allocated to Company                  
Related Party Transaction [Line Items]                  
Expenses incurred under agreements         0 100,000 0 100,000  
Public Offering                  
Related Party Transaction [Line Items]                  
Number of shares issued (in shares) | shares       17,424,243          
Price of shares (in USD per share) | $ / shares       $ 8.25          
Net proceeds from sale of shares       $ 134,500,000          
Public Offering | Roivant Sciences, Ltd. | Majority Shareholder                  
Related Party Transaction [Line Items]                  
Number of shares issued (in shares) | shares       2,424,242          
Price of shares (in USD per share) | $ / shares       $ 8.25          
Net proceeds from sale of shares       $ 20,000,000.0          
Term Loan | Letter Agreement with Sumitomo Dainippon Pharma, Co., Ltd. | Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder                  
Related Party Transaction [Line Items]                  
Maximum borrowing commitment     $ 400,000,000.0            
Proceeds from related party debt financing   $ 113,700,000              
Facility term     5 years            
Notice period for prepayment | day     10            
Default interest rate     5.00%            
Repayment period upon change in control     30 days            
Outstanding balance         253,700,000   253,700,000    
Available borrowing capacity         146,300,000   146,300,000    
Interest expense (related party)         $ 2,100,000 $ 0 $ 4,300,000 $ 0  
Term Loan | New Letter Agreement with Sumitomo Dainippon Pharma, Co., Ltd. | Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder                  
Related Party Transaction [Line Items]                  
Maximum borrowing commitment                 $ 200,000,000.0
LIBOR | Term Loan | Letter Agreement with Sumitomo Dainippon Pharma, Co., Ltd. | Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder                  
Related Party Transaction [Line Items]                  
Variable interest rate     3.00%