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INVENTORIES

6 Months Ended

Jun. 30, 2013

NOTE 2 - INVENTORIES

Inventory at June 30, 2013 and December 31, 2012 consisted of the following:

	June 30,		December 31,
	2013		2012
	(U.S. dollars in thousands)
Raw materials	$	2,702	$	2,118
Work in progress		129		192
Finished goods		4,360		1,729
Total inventory	$	7,191	$	4,039

Prior to the FDA's approval of taliglucerase alfa, manufacturing costs related to taliglucerase alfa were not capitalized; rather, such costs were expensed as research and development expenses. Effective as of the FDA approval of taliglucerase alfa on May 1, 2012, the Company capitalizes all manufacturing costs associated with taliglucerase alfa.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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