XML 36 R28.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Commitments and Contingencies - Additional Information (Details)
3 Months Ended 6 Months Ended
May 07, 2019
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
shares
Jun. 30, 2024
USD ($)
shares
Jun. 30, 2023
USD ($)
Jun. 30, 2024
EUR (€)
shares
Dec. 31, 2023
USD ($)
shares
Commitments And Contingencies [Line Items]            
Common stock fair value   $ 5,000 $ 5,000     $ 5,000
Common stock, shares issued | shares   58,601,025 58,601,025   58,601,025 57,970,044
Expenses incurred related to purchase commitments     $ 0 $ 0    
Minimum purchase obligation   $ 2,800,000 2,800,000   € 2,600,000  
Minimum            
Commitments And Contingencies [Line Items]            
Purchase obligation in the first 24-month period   3,200,000 3,200,000   € 2,900,000  
Takeda License            
Commitments And Contingencies [Line Items]            
Royalty expense   700,000 900,000      
Royalty expense included in accrued expenses   $ 700,000 $ 700,000      
Takeda License | Takeda            
Commitments And Contingencies [Line Items]            
License agreement description     On May 7, 2019, the Company entered into the Takeda License. The Company also has the right to sublicense its rights under the agreement, subject to certain conditions. The agreement will remain in effect, on a country-by-country and product-by-product basis, until the later of (i) the expiration of the last to expire valid patent claim covering vonoprazan fumarate alone or in combination with at least one other therapeutically active ingredient, (ii) the expiration of the applicable regulatory exclusivity and (iii) 15 years from the date of first commercial sale, unless earlier terminated. The Company may terminate the Takeda License upon six months’ written notice. The Company and Takeda may terminate the Takeda License in the case of the other party’s insolvency or material uncured breach. Takeda may terminate the Takeda License if the Company challenges, or assists in challenging, licensed patents.      
Agreement expiration term from date of first commercial sale 15 years          
Cash consideration paid for license $ 25,000,000          
Common stock fair value $ 5,900,000          
Common stock, shares issued | shares 1,084,000          
Warrants exercise price | $ / shares $ 0.00004613          
Initial fair value of warrants $ 47,900,000          
Additional warrant issued | shares 0          
Maximum amount payable in sales milestones upon achievement of specified levels of product sales $ 250,000,000          
Warrants expiration date May 07, 2029          
Takeda License | Takeda | Common Stock            
Commitments And Contingencies [Line Items]            
Warrants issued to purchase shares | shares 7,588,000