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Sale of Cullinan Pearl and Co-Development Agreement with Taiho (Tables)
6 Months Ended
Jun. 30, 2023
Debt Securities, Available-for-Sale [Abstract]  
Schedule of cash consideration received

 

 

(in thousands)

 

Book value of assets sold

 

 

 

Cash

 

$

2,898

 

Prepaid expenses and other current assets

 

 

619

 

Amounts attributable to assets sold

 

 

3,517

 

Book value of liabilities sold

 

 

 

Accrued expenses and other current liabilities

 

 

2,404

 

Amounts attributable to liabilities sold

 

 

2,404

 

Total identifiable net assets sold

 

 

1,113

 

Upfront consideration, inclusive of escrow of $5,000 and cash transferred of $2,898

 

 

277,898

 

Gain on sale of Cullinan Pearl

 

$

276,785