Collaborative Arrangements (Tables)

12 Months Ended

Dec. 31, 2011

Collaborative Arrangements

Collaborative Arrangements

	2011			2010		2009
	(in thousands)
Amortized portion of up-front payment	$	12,428		$	12,428	$	20,196
Milestone revenues		250,000			—		—
Net reimbursement (payment) for telaprevir development costs		(8,418	)		9,245		27,711
Reimbursement for manufacturing services		20,383			9,077		6,733
Total collaborative revenues attributable to the Janssen collaboration	$	274,393		$	30,750	$	54,640

	2011		2010		2009
	(in thousands)
Amortized portion of up-front payments	$	38,232	$	38,232	$	16,027
Milestone revenues		68,515		—		—
Reimbursement for telaprevir development costs		—		—		1,265
Payments for manufacturing services		14,928		43,636		1,419
Total collaborative revenues attributable to the Mitsubishi Tanabe collaboration	$	121,675	$	81,868	$	18,711

Summary of fair values of consideration paid or payable by the Company pursuant to the Alios Agreement

	As of June 13, 2011
	(in thousands)
Up-front payment	$	60,000
Fair value of contingent milestone and royalty payments		197,720
Total	$	257,720

Summary of the fair values of the assets and liabilities recorded on the effective date of the Alios Collaboration

	Fair Values as of June 13, 2011
	(in thousands)
Intangible assets	$	250,600
Goodwill		4,890
Deferred tax liability		(90,935	)
Net other assets		2,230
Net assets attributable to noncontrolling interest (Alios)	$	166,785

Summary of activity related to net income (loss) attributable to noncontrolling interest (Alios)

	June 13, 2011 to December 31, 2011
	(in thousands)
Loss before provision for income taxes	$	(9,536	)
Provision for income taxes		(48,809	)
Change in fair value of contingent milestone and royalty payments		69,950
Net income attributable to noncontrolling interest (Alios)	$	11,605

Summary of Alios' items included in the Company's consolidated balance sheets

	As of June 13, 2011		As of December 31, 2011
	(in thousands)
Restricted cash and cash equivalents (Alios)	$	4,575	$	51,878
Accounts receivable, net		—		—
Prepaid expenses and other current assets		69		2,299
Property and equipment, net		885		1,925
Intangible assets		250,600		250,600
Goodwill		4,890		4,890
Other assets		76		133
Accounts payable		1,189		4,132
Accrued expenses and other current liabilities		1,504		4,291
Accrued interest		—		13
Income taxes payable (Alios)		—		12,075
Deferred tax liability		90,935		116,121
Other liabilities		682		1,030
Redeemable noncontrolling interest (Alios)		36,299		37,036
Noncontrolling interest (Alios)		130,486		141,633