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License, Collaboration and Service Agreements (Tables)
3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Performance Obligation Along with Standalone Selling Price and Transaction Price Allocated :

 

 

 

Transaction

 

 

 

 

 

Price

 

 

 

Performance Obligations

 

Allocated

 

 

Recognition Method

License and know-how transfer (1)

 

$

1.4

 

 

Fully satisfied; recognized upon delivery of the license

Research and development services related to upcoming milestones (2)

 

 

11.1

 

 

Recognized over time as services are delivered

 

 

$

12.5

 

 

 

 

1.
The standalone selling price for the license and know-how was determined by the income approach utilizing a discounted cash flow. The key assumptions in the Company's estimate of the standalone selling price for the license and know-how include the probability of technological and regulatory success, an estimate of future product revenues, and the discount rate, among others.
2.
The standalone selling price for the research and development services was estimated based on the Company's estimate of costs to be incurred to fulfill its obligations associated with the performance of the research and development services, plus a reasonable margin.