0000000000-18-034255.txt : 20190215
0000000000-18-034255.hdr.sgml : 20190215
20181102093619
ACCESSION NUMBER: 0000000000-18-034255
CONFORMED SUBMISSION TYPE: UPLOAD
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20181102
FILED FOR:
COMPANY DATA:
COMPANY CONFORMED NAME: AVADEL PHARMACEUTICALS PLC
CENTRAL INDEX KEY: 0001012477
STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834]
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: UPLOAD
BUSINESS ADDRESS:
STREET 1: BLOCK 10-1 BLANCHARDSTOWN CORPORATE PARK
STREET 2: BALLYCOOLIN
CITY: DUBLIN
STATE: L2
ZIP: 15
BUSINESS PHONE: 636-449-1830
MAIL ADDRESS:
STREET 1: 16640 CHESTERFIELD GROVE ROAD
STREET 2: SUITE 200
CITY: CHESTERFIELD
STATE: MO
ZIP: 63005
FORMER COMPANY:
FORMER CONFORMED NAME: FLAMEL TECHNOLOGIES SA
DATE OF NAME CHANGE: 19960422
PUBLIC REFERENCE ACCESSION NUMBER: 0001012477-18-000008
LETTER
1
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TEXT-EXTRACT
2
filename2.txt
November 1, 2018
Michael F. Kanan
Senior Vice President and Chief Financial Officer
Avadel Pharmaceuticals plc
Block 10-1
Blanchardstown Corporate Park
Ballycoolin
Dublin 15
Ireland
Re: Avadel Pharmaceuticals plc
Form 10-K for the Fiscal Year Ended December 31, 2017
Filed March 16, 2018 and Amended April 30, 2018
Form 10-Q for the Quarterly Period Ended June 30, 2018
Filed August 7, 2018
File No. 001-37977
Dear Mr. Kanan:
We have reviewed your October 4, 2018 response to our comment letter
and have the
following comment. In our comment, we ask you to provide us with information so
we may
better understand your disclosure.
Please respond to this comment within 10 business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe our
comment applies to your facts and circumstances, please tell us why in your
response.
After reviewing your response to this comment, we may have additional
comments. Our
reference to a prior comment is to the comment in our September 20, 2018
letter.
Form 10-Q for the Quarterly Period Ended June 30, 2018
Notes to the Unaudited Condensed Consolidated Financial Statements
Note 3: Revenue Recognition
Periods commencing January 1, 2018
Reserves to reduce Gross Revenues to Net Revenues, page 11
Michael F. Kanan
Avadel Pharmaceuticals plc
November 1, 2018
Page 2
1. We acknowledge your response to our prior comment. Please explain to
us why
adjustments to prior year estimates of gross-to-net variable
consideration in the aggregate
of up to 3% of total revenues are not material to your financial
statements taken as a
whole. In this regard, 3% of your total revenues for the first half of
2018 equating to
approximately $1.9 million appears that it could at least be
quantitatively material to
operating loss and pre-tax loss for the first half of 2018 and to your
customer allowances
liability at December 31, 2017. In addition, prior period adjustments
of that magnitude
could significantly impact trends and explanation thereof could be
meaningful disclosure
for investors.
You may contact Mark Brunhofer at (202) 551-3638 or Mary Mast at (202)
551-3613
with any questions.
FirstName LastNameMichael F. Kanan Sincerely,
Comapany NameAvadel Pharmaceuticals plc
Division of
Corporation Finance
November 1, 2018 Page 2 Office of
Healthcare & Insurance
FirstName LastName
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