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Debt
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Debt

(7)    Debt

Debt from Royalty-Bearing Instrument—December 2012 Financing

On December 6, 2012, the Company entered into a Purchase and Sale Agreement with BioPharma Secured Debt Fund II Holdings Cayman LP, or BioPharma. Under this agreement, the Company granted to BioPharma a security interest in future receivables associated with the VASCEPA patent rights, in exchange for $100.0 million received at the closing of the agreement which occurred in December 2012. In the agreement, the Company agreed to repay BioPharma up to $150.0 million with such repayment based on a portion of net revenues and receivables generated from VASCEPA. On December 20, 2017, BioPharma assigned all rights under this agreement to CPPIB Credit Europe S.à r.l., or CPPIB.

As of December 31, 2020, the $150.0 million was repaid in full to CPPIB and as such, the Company has no outstanding debt. During the year ended December 31, 2020, the Company made repayments under the agreement of $52.4 million to CPPIB, with the final payment owed to CPPIB being made in November 2020 for $9.6 million.

During the year ended December 31, 2020, the Company recorded cash and non-cash interest expense of $1.6 million and $0.6 million, respectively, in connection with the royalty-bearing instrument. During the year ended December 31, 2019, the Company recorded $4.4 million and $1.6 million of cash and non-cash interest expense, respectively, in connection with the royalty-bearing instrument.