XML 65 R51.htm IDEA: XBRL DOCUMENT v3.22.1
Related Party Transactions (Narrative) (Details)
1 Months Ended 12 Months Ended
Aug. 05, 2020
USD ($)
Aug. 01, 2020
Dec. 30, 2019
USD ($)
Dec. 27, 2019
USD ($)
day
director
shares
Aug. 31, 2020
Mar. 31, 2022
USD ($)
shares
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
Related Party Transaction [Line Items]                
Proceeds from related party debt financing           $ 0 $ 245,000,000 $ 113,700,000
Interest expense [1]           13,971,000 10,401,000 12,663,000
Majority Shareholder | Sunovion Pharmaceuticals Inc. Market Access Services Agreement | SG&A expense                
Related Party Transaction [Line Items]                
Expenses incurred under agreements           $ 4,842,000 5,330,000  
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder                
Related Party Transaction [Line Items]                
Number of shares owned (in shares) | shares       45,008,604   50,041,181    
Ownership percentage       50.20%   52.80%    
Ownership threshold for appointment of directors (as a percent)       50.00%        
Number of independent directors required for audit committee | director       3        
Ownership threshold for voting rights (as a percent)       60.00%        
Ownership threshold for right of ownership percentage maintenance       50.00%        
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder | Sumitovant Other Expenses Agreement | SG&A expense                
Related Party Transaction [Line Items]                
Expenses incurred under agreements             800,000  
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder | Sumitovant Other Expenses Agreement | R&D expense                
Related Party Transaction [Line Items]                
Expenses incurred under agreements           $ 100,000 700,000  
Sumitomo Dainippon Pharma Co., Ltd. | Majority Shareholder | Sunovion Pharmaceuticals Inc. Market Access Services Agreement                
Related Party Transaction [Line Items]                
Agreement term   3 years            
Agreement extension term   1 year            
Termination notice period   9 months            
Roivant | Majority Shareholder | Service Agreement                
Related Party Transaction [Line Items]                
Expenses incurred under agreements               600,000
MSG | Majority Shareholder | Sunovion Pharmaceuticals Inc. Market Access Services Agreement                
Related Party Transaction [Line Items]                
Expenses incurred under agreements             3,800,000  
MSG | Majority Shareholder | Sunovion Pharmaceuticals Inc. Market Access Services Agreement | SG&A expense                
Related Party Transaction [Line Items]                
Expenses incurred under agreements           4,800,000 3,700,000  
Agreement term         2 years      
MSG | Majority Shareholder | Sunovion Pharmaceuticals Inc. Market Access Services Agreement | R&D expense                
Related Party Transaction [Line Items]                
Expenses incurred under agreements           0 58,000  
Term Loan | Letter Agreement with Sumitomo Dainippon Pharma, Co., Ltd.                
Related Party Transaction [Line Items]                
Proceeds from related party debt financing     $ 113,700,000          
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        
Facility term       5 years        
Notice period for prepayment | day       10        
Default interest rate (as a percent)       5.00%        
Repayment period upon change in control       30 days        
Available borrowing capacity           41,300,000    
Outstanding balance           358,700,000    
Interest expense           $ 11,551,000 $ 9,766,000 $ 1,441,000
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              
Facility term 5 years              
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 (as a percent)       3.00%        
[1] Includes $11,551, $9,766, and $1,441 of interest expense under the Sumitomo Pharma Loan Agreement for the years ended March 31, 2022, 2021, and 2020, respectively