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COLLABORATION AGREEMENTS (Tables)
9 Months Ended
Sep. 30, 2012
Schedule Of Collaboration Revenue

Collaboration revenue for the three and nine months ended September 30, 2012 and 2011 was as follows:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2012      2011      2012      2011  

Collaboration revenue:

           

Attributable to U.S. XTANDI sales

   $ 7,056       $ —         $ 7,056       $ —     

Attributable to ex-U.S. XTANDI sales

     —           —           —           —     

Attributable to up-front and milestone payments

     57,742         14,940         137,479         45,448   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total collaboration revenue

   $ 64,798       $ 14,940       $ 144,535       $ 45,448   
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule Of Collaboration Revenue Attributable To Sales

Collaboration revenue attributable to U.S. XTANDI sales for the three and nine months ended September 30, 2012 was as follows:

 

     Three Months Ended
September 30, 2012
    Nine Months Ended
September 30, 2012
 

Net U.S. sales (as reported by Astellas)

   $ 14,112      $ 14,112   

Shared U.S. development and commercialization costs

     (41,928     (41,928
  

 

 

   

 

 

 

Pre-tax U.S. profit (loss)

   $ (27,816   $ (27,816
  

 

 

   

 

 

 

Medivation’s share of pre-tax U.S. profit (loss)

   $ (13,908   $ (13,908

Reimbursement of Medivation’s share of shared U.S. costs

     20,964        20,964   
  

 

 

   

 

 

 

Collaboration revenue attributable to U.S. XTANDI sales

   $ 7,056      $ 7,056   
  

 

 

   

 

 

 
Collaboration Revenue Attributable To Up-Front And Milestone Payments

Collaboration revenue attributable to up-front and milestone payments for the three and nine months ended September 30, 2012 and 2011 was as follows:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2012      2011      2012      2011  

Collaboration revenue attributable to up-front and milestone payments:

           

From Astellas

   $ 52,256       $ 5,936       $ 65,449       $ 18,436   

From Pfizer

     5,486         9,004         72,030         27,012   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total collaboration revenue attributable to up-front and milestone payments

   $ 57,742       $ 14,940       $ 137,479       $ 45,448   
  

 

 

    

 

 

    

 

 

    

 

 

 
Deferred Revenue

Deferred revenue consisted of the following:

 

     September 30,
2012
     December 31,
2011
 

Current portion:

     

Deferred revenue from Astellas

   $ 29,024       $ 23,747   

Deferred revenue from Pfizer

     —           36,015   
  

 

 

    

 

 

 

Total

   $ 29,024       $ 59,762   
  

 

 

    

 

 

 

Long-term portion:

     

Deferred revenue from Astellas

   $ 21,768       $ 47,494   

Deferred revenue from Pfizer

     —           36,015   
  

 

 

    

 

 

 

Total

   $ 21,768       $ 83,509   
  

 

 

    

 

 

 
Development And Commercialization Cost-Sharing Payments

The following table summarizes the reductions in R&D related to cost-sharing payments for the periods presented:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2012      2011      2012      2011  

Development cost-sharing payments from Astellas

   $ 11,003       $ 11,480       $ 39,131       $ 32,593   

Development cost-sharing payments from Pfizer

     51         2,484         1,740         10,387   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 11,054       $ 13,964       $ 40,871       $ 42,980   
  

 

 

    

 

 

    

 

 

    

 

 

 

The following table summarizes the (increases) reductions in SG&A related to cost-sharing payments for the periods presented:

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2012     2011     2012     2011  

Commercialization cost-sharing payments (to) from Astellas

   $ (1,187   $ 176      $ (1,857   $ 634   

Commercialization cost-sharing payments (to) from Pfizer

     —          (3     9        33   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ (1,187   $ 173      $ (1,848   $ 667