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REVENUE RECOGNITION (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of net revenue from collaborative arrangements

Net revenue recognized under our GSK Agreements was as follows:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2022

 

 

2021

 

 

2020

 

Royalties - RELVAR/BREO

 

$

215,034

 

 

$

234,066

 

 

$

221,536

 

Royalties - ANORO

 

 

38,405

 

 

 

44,935

 

 

 

45,992

 

Royalties - TRELEGY(1)

 

 

72,029

 

 

 

126,688

 

 

 

73,089

 

Total royalties

 

 

325,468

 

 

 

405,689

 

 

 

340,617

 

Less: amortization of capitalized
   fees paid

 

 

(13,823

)

 

 

(13,823

)

 

 

(13,823

)

Royalty revenue

 

 

311,645

 

 

 

391,866

 

 

 

326,794

 

Strategic alliance - MABA program

 

 

 

 

 

 

 

 

10,000

 

Total net royalty revenue

 

$

311,645

 

 

$

391,866

 

 

$

336,794

 

 

(1) The year ended December 31, 2022 represents the period from January 1, 2022 to July 20, 2022, the date of the sale of our ownership interest in TRC.