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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2015
NUCYNTA  
ACQUISITIONS  
Summary of the purchase price consideration

                                                                                                                                                                                    

(Amounts in thousands)

 

 

 

Cash Paid

 

$

1,050,000

 

Rebates payable by Seller

 

 

(9,977

)

​  

​  

Total Purchase Consideration

 

$

1,040,023

 

​  

​  

​  

​  

 

Summary of the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed

                                                                                                                                                                                    

(Amounts in thousands)

 

 

 

NUCYNTA U.S. Product Rights

 

$

1,019,978 

 

Inventories

 

 

11,590 

 

Manufacturing Equipment

 

 

8,455 

 

​  

​  

 

 

$

1,040,023 

 

​  

​  

​  

​  

 

Schedule of unaudited pro forma financial information

 

                                                                                                                                                                                    

 

 

December 31,

 

Amounts in thousands

 

2015

 

2014

 

Pro forma revenues

 

$

387,693

 

$

561,481

 

​  

​  

​  

​  

​  

​  

​  

​  

Proforma net (loss) income

 

$

(88,964

)

$

62,581

 

​  

​  

​  

​  

​  

​  

​  

​  

Pro forma net income per share- basic

 

$

(1.48

)

$

1.07

 

​  

​  

​  

​  

​  

​  

​  

​  

Pro forma net income per share- diluted

 

$

(1.48

)

$

1.01

 

​  

​  

​  

​  

​  

​  

​  

​  

Basic shares

 

 

60,116,530

 

 

58,292,633

 

Diluted shares

 

 

60,116,530

 

 

66,307,364

 

 

CAMBIA  
ACQUISITIONS  
Summary of the purchase price consideration

        The following table presents a summary of the purchase price consideration for the CAMBIA® acquisition (in thousands):

                                                                                                                                                                                    

Cash for CAMBIA and related inventories

 

$

48,725 

 

Fair value of contingent consideration

 

 

1,010 

 

​  

​  

Purchase price

 

$

49,735 

 

​  

​  

​  

​  

 

Summary of the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed

        The following table summarizes the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed at the acquisition date (in thousands):

                                                                                                                                                                                    

Intangible asset—CAMBIA product rights

 

$

51,360

 

Inventories

 

 

3,837

 

Other assets

 

 

409

 

Sales reserve liabilities

 

 

(1,847

)

Unfavorable contract assumed

 

 

(3,540

)

Bargain purchase

 

 

(484

)

​  

​  

 

 

$

49,735

 

​  

​  

​  

​  

 

Lazanda  
ACQUISITIONS  
Summary of the purchase price consideration

        The following table presents a summary of the purchase price consideration for the Lazanda® acquisition (in thousands):

                                                                                                                                                                                    

Cash for Lazanda, related property, inventories, and other assets

 

$

4,000 

 

Fair Value of contingent consideration

 

 

8,004 

 

​  

​  

Purchase Price

 

$

12,004 

 

​  

​  

​  

​  

 

Summary of the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed

        The following table summarizes the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed at the acquisition date (in thousands):

                                                                                                                                                                                    

Intangible asset—Lazanda product rights

 

$

10,450

 

Inventories

 

 

1,334

 

Property, plant and equipment

 

 

356

 

Other assets

 

 

116

 

Current liabilities

 

 

(283

)

Goodwill

 

 

31

 

​  

​  

 

 

$

12,004

 

​  

​  

​  

​  

 

Zipsor  
ACQUISITIONS  
Summary of the purchase price consideration

        The following table presents a summary of the purchase price consideration for the Zipsor® acquisition (in thousands):

                                                                                                                                                                                    

Cash for Zipsor and related inventories

 

$

26,436 

 

Fair Value of contingent consideration

 

 

1,303 

 

​  

​  

Purchase Price

 

$

27,739 

 

​  

​  

​  

​  

 

Summary of the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed

        The following table summarizes the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed at the acquisition date (in thousands):

                                                                                                                                                                                    

Intangible asset—Zipsor product rights

 

$

27,100

 

Inventories

 

 

2,428

 

Other assets

 

 

100

 

Property, plant and equipment

 

 

43

 

Current liabilities

 

 

(1,840

)

Bargain purchase

 

 

(92

)

​  

​  

 

 

$

27,739

 

​  

​  

​  

​