XML 75 R61.htm IDEA: XBRL DOCUMENT v3.19.1
REVENUE - Narrative (Details)
1 Months Ended 3 Months Ended 10 Months Ended 12 Months Ended 36 Months Ended 48 Months Ended
Jan. 01, 2022
USD ($)
Jan. 01, 2019
Nov. 08, 2018
USD ($)
$ / shares
shares
Jan. 09, 2018
USD ($)
Nov. 30, 2018
USD ($)
Jan. 31, 2018
USD ($)
performance_obligation
Oct. 31, 2013
USD ($)
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Nov. 08, 2018
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Aug. 02, 2018
USD ($)
Collaboration and License Agreements                                              
Total revenues               $ 42,599,000 $ 77,493,000 $ 63,274,000 $ 128,404,000 $ 94,407,000 $ 95,413,000 $ 100,457,000 $ 90,447,000     $ 311,770,000 $ 380,724,000 $ 455,897,000      
Contract asset               2,416,000       0           2,416,000 0        
NUCYNTA products                                              
Collaboration and License Agreements                                              
Product revenue recognized                     12,500,000                        
Total revenues                                   18,944,000 239,539,000 281,261,000      
Product sales, net                                              
Collaboration and License Agreements                                              
Total revenues               29,339,000 29,435,000 26,838,000 $ 44,354,000 94,159,000 $ 95,204,000 $ 100,232,000 $ 90,285,000     129,966,000 379,880,000 455,066,000      
Commercialization agreement, net                                              
Collaboration and License Agreements                                              
Total revenues                                   155,743,000 0 0      
Royalties and milestones                                              
Collaboration and License Agreements                                              
Total revenues                                   26,061,000 844,000 831,000      
Revenue from transfer of inventory                                              
Collaboration and License Agreements                                              
Total revenues                                   55,705,000 0 $ 0      
Ironwood Pharmaceuticals, Inc.                                              
Collaboration and License Agreements                                              
Contract asset               0       0           0 0        
Ironwood Pharmaceuticals, Inc. | Milestone Payment                                              
Collaboration and License Agreements                                              
Total revenues                 5,000,000 5,000,000                 0        
Milestone payment received                 5,000,000                            
Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Contract asset               2,416,000       $ 0           2,416,000 $ 0        
Contract liability           $ 10,000,000                                  
Collegium warrants           $ 8,800,000                                  
PDL BioPharma | Royalties and milestones                                              
Collaboration and License Agreements                                              
Royalty and milestone payments received             $ 240,500,000                                
Future Royalty Liability Arrangement | PDL BioPharma                                              
Collaboration and License Agreements                                              
Royalty and milestone payments received             $ 240,500,000                                
Total sales price                                             $ 20,000,000
Future Royalty Liability Arrangement | PDL BioPharma | Royalties and milestones                                              
Collaboration and License Agreements                                              
Total revenues                 20,000,000                            
Commercialization agreement, net | Third Party | Royalties and milestones                                              
Collaboration and License Agreements                                              
Increase in royalties obligation                                   34,000,000          
Commercialization agreement, net | NUCYNTA products | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Number of performance obligations (performance obligation) | performance_obligation           3                                  
Transaction price           $ 553,200,000                                  
Total minimum annual royalties           537,000,000                                  
Upfront payment           10,000,000                       10,000,000          
Proceeds from transfer of inventory           6,200,000                                  
Commercialization agreement, net | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Royalty arrangement, annual payments term 60 days                                            
Performance Obligation Transfer Of Finished Goods | Collegium Pharmaceutical Inc | Revenue from transfer of inventory                                              
Collaboration and License Agreements                                              
Total revenues                                   55,700,000          
Performance Obligation Transfer Of Finished Goods | NUCYNTA products | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Transaction price           55,700,000                                  
Performance Obligation Commercialize And Facilitation Services | Collegium Pharmaceutical Inc | Royalties and milestones                                              
Collaboration and License Agreements                                              
Total revenues                               $ 103,800,000              
Performance Obligation Commercialize And Facilitation Services | NUCYNTA products | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Transaction price           497,500,000                                  
Amended Commercialization Agreement | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Transaction price         $ 157,000,000                                    
Total minimum annual royalties         132,000,000                                    
Upfront payment         10,000,000                                    
Proceeds from transfer of inventory         6,200,000                                    
Commercialization agreement, warrant to purchase shares (in shares) | shares     1,041,667                         1,041,667              
Commercialization agreement, exercise price (in dollars per share) | $ / shares     $ 19.20                         $ 19.20              
Commercialization agreement, warrant exercise period     4 years                                        
Commercialization agreement, value of warrant     $ 8,800,000                         $ 8,800,000              
Commercialization agreement, warrant value in transaction price         $ 8,800,000                                    
Royalty arrangement, termination notice period         60 days                                    
Amended Commercialization Agreement | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, reimbursement of royalties term   4 years                                          
Royalty arrangement, termination notice period 12 months                               12 months            
Commercialization Agreement, 65% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales                                 65.00%       65.00% 65.00%  
Commercialization agreement, net annual sales threshold                                         $ 180,000,000    
Commercialization Agreement, 14% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales                                 14.00%       14.00% 14.00%  
Commercialization Agreement, 58% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales 58.00%                               58.00%       58.00% 58.00%  
Commercialization agreement, net annual sales threshold $ 233,000,000                                            
Commercialization Agreement, 20% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales                                 20.00%       20.00% 20.00%  
Commercialization Agreement, 15% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales                                 15.00%       15.00% 15.00%  
Commercialization agreement, net annual sales threshold                                         $ 258,000,000    
Commercialization Agreement, 25% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales 25.00%                                            
Commercialization Agreement, 17.5% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales 17.50%                                            
Commercialization agreement, net annual sales threshold $ 258,000,000                                            
Commercialization Agreement And Amended Commercialization Agreement | Third Party | Royalties and milestones                                              
Collaboration and License Agreements                                              
Gross-to-net revenue adjustment                                   3,700,000          
Commercialization Agreement And Amended Commercialization Agreement | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Proceeds from transfer of inventory                                   6,200,000          
Royalty payments received                                   132,000,000          
Commercialization Agreement And Amended Commercialization Agreement | Collegium Pharmaceutical Inc | Royalties and milestones                                              
Collaboration and License Agreements                                              
Total revenues                                   155,700,000          
Third Party | Commercialization agreement, net | Royalties and milestones                                              
Collaboration and License Agreements                                              
Revenues                                   29,500,000          
Collegium Pharmaceutical Inc | Commercialization agreement, net                                              
Collaboration and License Agreements                                              
Equal Quarterly Installments of Annual Minimum Royalty Payable           $ 30,800,000   33,800,000 $ 33,800,000 $ 33,800,000                          
Collegium Pharmaceutical Inc | Commercialization agreement, net | NUCYNTA products                                              
Collaboration and License Agreements                                              
Termination penalty       $ 25,000,000.0                                      
Collegium Pharmaceutical Inc | Amended Commercialization Agreement                                              
Collaboration and License Agreements                                              
Termination penalty         $ 5,000,000                                    
Royalty arrangement, termination notice period         12 months                                    
Collegium Pharmaceutical Inc | Amended Commercialization Agreement | Forecast | Product sales, net                                              
Collaboration and License Agreements                                              
Commercialization agreement, termination, net sales threshold 170,000,000                               $ 180,000,000            
Collegium Pharmaceutical Inc | Commercialization Agreement, 14% Royalty On Net Annual Sales | Forecast | Third Party                                              
Collaboration and License Agreements                                              
Percentage of royalty on annual net sales                                 14.00%       14.00% 14.00%  
Minimum | Forecast | NUCYNTA products | Third Party                                              
Collaboration and License Agreements                                              
Revenues                                           $ 180,000,000.0  
Minimum | Commercialization Agreement, 14% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold                                         $ 180,000,000    
Minimum | Commercialization Agreement, 58% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold                                         210,000,000    
Minimum | Commercialization Agreement, 20% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold                                         233,000,000    
Minimum | Commercialization Agreement, 25% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold $ 233,000,000                                            
Minimum | Collegium Pharmaceutical Inc | Forecast | NUCYNTA products | Third Party                                              
Collaboration and License Agreements                                              
Royalty obligation                                           34,000,000.0  
Maximum | Forecast | Third Party                                              
Collaboration and License Agreements                                              
Royalty obligation                                           $ 8,800,000  
Maximum | Commercialization Agreement, 14% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold                                         210,000,000    
Maximum | Commercialization Agreement, 58% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold                                         233,000,000    
Royalty arrangement, quarterly payment term 45 days                                            
Maximum | Commercialization Agreement, 20% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold                                         $ 258,000,000    
Maximum | Commercialization Agreement, 25% Royalty On Net Annual Sales | Forecast | Collegium Pharmaceutical Inc                                              
Collaboration and License Agreements                                              
Commercialization agreement, net annual sales threshold $ 258,000,000                                            
Prepaid and other current assets                                              
Collaboration and License Agreements                                              
Contract asset               800,000                   800,000          
Other long-term assets                                              
Collaboration and License Agreements                                              
Contract asset               $ 1,600,000                   $ 1,600,000