DEFERRED REVENUE (Tables)

12 Months Ended

Dec. 31, 2014

DEFERRED REVENUE

Schedule of deferred revenue

         Deferred revenue consists of the following (in thousands):

	December 31, 2014		December 31, 2013
Deferred revenue, current portion:
Deferred product sales
Deferred license revenue, current portion:
Valeant	$	—	$	1,598
Salix		—		1,443
Deferred license revenue, current portion		—		3,041
Deferred revenue, current portion	$	—	$	3,041
Deferred license revenue, non-current portion:
Valeant		—		10,905
Salix		—		1,570
Deferred license revenue, non-current portion		—		12,475
Total deferred revenue	$	—	$	15,516