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Funding Arrangements
9 Months Ended
Sep. 30, 2019
Funding Arrangements  
Funding Arrangements

7. Funding Arrangements

In December 2016, the Company entered into a funding arrangement with the U.S. Army Medical Research Acquisition Activity (the “USAMRAA grant”) that covers up to $1.1 million of specified research expenditures of the Company incurred from December 2016 through June 2019 (the “performance period”). The Company has until September 2022 to obtain the reimbursements from USAMRAA for the specified research expenditures incurred and paid by the Company during the performance period.

The Company recognized no grant income during the three months ended September 30, 2019 and $0.1 million during the three months ended September 30, 2018 in connection with the USAMRAA grant. The Company recognized $37,000 and $0.4 million during the nine months ended September 30, 2019 and 2018, respectively, in connection with the USAMRAA grant. The Company received $0.2 million and $0.7 million of payments under the grant during the nine months ended September 30, 2019 and 2018, respectively. The Company recorded a receivable to reflect unreimbursed, eligible costs incurred under the grant in the amount of $0.2 million as of December 31, 2018.  The Company received the final reimbursement payment under this grant in May 2019, therefore no receivable for unreimbursed costs was required as of September 30, 2019.

In March 2017 and October 2017, the Company entered into funding arrangements with the Trustees of Boston University to utilize funds from the U.S. government through the Combating Antibiotic Resistant Bacteria Biopharmaceutical Accelerator (“CARB‑X”) program, in support of our ETX0282 and NBP programs. In September 2019 the funding arrangements were amended to increase the amount of specified research expenditures of the Company that could be covered from $16.4 million to up to $16.8 million from April 2017 through September 2021.

The Company recognized grant income in connection with the CARB-X agreements of $0.6 million and $1.5 million during the three months ended September 30, 2019 and 2018, respectively and $1.8 million and $4.1 million during the nine months ended September 30, 2019 and 2018, respectively. The Company received $2.0 million and $1.9 million of payments under the grants during the nine months ended September 30, 2019 and 2018, respectively. The Company recorded a receivable to reflect unreimbursed, eligible costs incurred under the CARB-X agreements in the amount of $1.3 million and $1.5 million as of September 30, 2019 and December 31, 2018, respectively.