Collaborative Arrangements (Tables)

6 Months Ended

Jun. 30, 2012

Collaborative Arrangements

Revenues related to collaborative arrangements

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(in thousands)
Royalty revenues	$	27,970		$	2,549		$	60,854		$	2,549
Collaborative revenues:
Amortized portion of up-front payment	$	3,107		$	3,107		$	6,214		$	6,214
Milestone revenues		—			—			—			50,000
Net payment for telaprevir development costs		(927	)		(3,108	)		(2,066	)		(4,253	)
Reimbursement for manufacturing services		—			9,059			4,449			13,213
Total collaborative revenues attributable to the Janssen collaboration	$	2,180		$	9,058		$	8,597		$	65,174
Total revenues attributable to the Janssen collaboration	$	30,150		$	11,607		$	69,451		$	67,723

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
	(in thousands)
Amortized portion of up-front payments	$	3,186	$	9,558	$	12,744	$	19,116
Milestone revenues		—		182		485		1,394
Payments for manufacturing services		1,659		5,133		5,650		5,848
Total collaborative revenues attributable to the Mitsubishi Tanabe collaboration	$	4,845	$	14,873	$	18,879	$	26,358

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(in thousands)
Loss before provision for income taxes	$	(4,467	)	$	(801	)	$	(9,491	)	$	(801	)
Change in fair value of contingent milestone and royalty payments		56,170			—			55,200			—
Provision for income taxes		(21,240	)		(24,448	)		(18,960	)		(24,448	)
Net income (loss) attributable to noncontrolling interest (Alios)	$	30,463		$	(25,249	)	$	26,749		$	(25,249	)

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

	As of June 30, 2012		As of December 31, 2011
	(in thousands)
Restricted cash and cash equivalents (Alios)	$	56,024	$	51,878
Prepaid expenses and other current assets		1,952		2,299
Property and equipment, net		1,820		1,925
Intangible assets		250,600		250,600
Goodwill		4,890		4,890
Other assets		145		133
Accounts payable		1,686		4,132
Accrued expenses and other current liabilities		5,647		4,291
Accrued interest		13		13
Income taxes payable (Alios)		201		12,075
Deferred tax liability		135,431		116,121
Other liabilities		762		1,030
Redeemable noncontrolling interest (Alios)		37,914		37,036
Noncontrolling interest (Alios)		167,920		141,633