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Business Acquisition (Tables)
12 Months Ended
Dec. 31, 2015
MDV3800 [Member]  
Summary of Final Allocation of Purchase Consideration, Including Contingent Consideration Payable, Based on Fair Value

The following table presents the final allocation of the purchase consideration for the MDV3800 acquisition, including the contingent consideration payable, based on fair value:

 

Purchase consideration:

 

 

 

 

Cash

 

$

410,000

 

Acquisition-date fair value of contingent consideration

 

 

171,942

 

Total purchase consideration

 

$

581,942

 

Allocation of the purchase consideration:

 

 

 

 

Assets:

 

 

 

 

Identifiable intangible assets- IPR&D

 

$

573,299

 

Net identifiable assets acquired

 

 

573,299

 

Goodwill

 

 

8,643

 

Net assets acquired

 

$

581,942

 

 

Summary of Pro Forma Financial Information

The following unaudited pro forma financial information presents the combined results of operations of Medivation and MDV3800 as if the acquisition of MDV3800 had been completed on January 1, 2014, with adjustments to give effect to pro forma events that are directly attributable to the acquisition. The unaudited pro forma results do not reflect any operating efficiencies or potential cost savings which may result from the consolidation of the operations of Medivation and MDV3800. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations:

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

Total revenues

 

$

943,258

 

 

$

710,487

 

Net income

 

$

201,161

 

 

$

230,271

 

 

MDV9300 [Member]  
Summary of Final Allocation of Purchase Consideration, Including Contingent Consideration Payable, Based on Fair Value

The following table presents the final allocation of the purchase consideration for the MDV9300 acquisition, including the contingent consideration payable, based on fair value:

 

Purchase consideration:

 

 

 

 

Cash

 

$

5,000

 

Acquisition-date fair value of contingent consideration

 

 

106,000

 

Total purchase consideration

 

$

111,000

 

Allocation of the purchase consideration:

 

 

 

 

Assets:

 

 

 

 

Identifiable intangible assets- IPR&D

 

$

101,000

 

Net identifiable assets acquired

 

 

101,000

 

Goodwill

 

 

10,000

 

Net assets acquired

 

$

111,000

 

 

Summary of Pro Forma Financial Information

The following unaudited pro forma financial information presents the combined results of operations of Medivation and MDV9300 as if the acquisition of MDV9300 had been completed on January 1, 2013, with adjustments to give effect to pro forma events that are directly attributable to the acquisition. The unaudited pro forma results do not reflect any operating efficiencies or potential cost savings which may result from the consolidation of the operations of Medivation and MDV9300. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations:

 

 

 

Year Ended December 31,

 

 

 

2014

 

 

2013

 

Total revenues

 

$

710,487

 

 

$

272,942

 

Net income (loss)

 

$

274,626

 

 

$

(45,685

)