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Liability Related to Sale of Future Royalties (Tables)
3 Months Ended
Mar. 31, 2018
Liability Related to Sale of Future Royalties  
Schedule of Liability account during the period from the inception of the royalty transaction

The following table shows the activity within the liability account during the three-month period ended March 31, 2018 (in thousands). The cash for the royalties was not received until after the end of the quarter, so accordingly, the change in the liability was solely due to the amortization of the transactions costs discussed above:

 

 

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

December 31, 2017 to

 

 

    

March 31,  2018

 

Liability related to sale of future royalties, net — beginning balance

 

$

169,413

 

Non-cash interest expense recognized

 

 

224

 

Liability related to sale of future royalties, net  — ending balance

 

$

169,637