XML 56 R31.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
DESCRIPTION OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Description of Operations and Variable Interest Entity (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Description of Operations and Summary of Significant Accounting Policies                      
Cash balance $ 278,096       $ 62,417       $ 278,096 $ 62,417  
Total net revenue 75,971 $ 65,755 $ 64,107 $ 55,183 79,858 $ 61,680 $ 67,086 $ 52,380 261,016 261,004 $ 217,217
Total operating expenses 2,332 $ 4,962 $ 4,347 $ 3,015 2,638 $ 4,019 $ 4,411 $ 11,685 14,656 22,753 33,613
GSK                      
Description of Operations and Summary of Significant Accounting Policies                      
Total net revenue                 $ 261,016 261,004 $ 217,217
Long-Acting Beta2 Agonist (LABA) Collaboration | GSK                      
Description of Operations and Summary of Significant Accounting Policies                      
Percentage of economic interest in any future payments made under the agreements                 15.00%    
Long-Acting Beta2 Agonist (LABA) Collaboration | GSK | RELVAR/BREO                      
Description of Operations and Summary of Significant Accounting Policies                      
Royalty rate for first level of annual global net sales (as a percent)                 15.00%    
Annual global sales level used to determine royalty rate                 $ 3,000,000    
Royalty rate for sales above first level of annual global net sales (as a percent)                 5.00%    
Long-Acting Beta2 Agonist (LABA) Collaboration | GSK | ANORO | Minimum                      
Description of Operations and Summary of Significant Accounting Policies                      
Royalty rate for combination products (as a percent)                 6.50%    
Long-Acting Beta2 Agonist (LABA) Collaboration | GSK | ANORO | Maximum                      
Description of Operations and Summary of Significant Accounting Policies                      
Royalty rate for combination products (as a percent)                 10.00%    
Long-Acting Beta2 Agonist (LABA) Collaboration | GSK | TRELEGY | Minimum                      
Description of Operations and Summary of Significant Accounting Policies                      
Royalty rate for combination products (as a percent)                 6.50%    
Long-Acting Beta2 Agonist (LABA) Collaboration | GSK | TRELEGY | Maximum                      
Description of Operations and Summary of Significant Accounting Policies                      
Royalty rate for combination products (as a percent)                 10.00%    
TRC                      
Description of Operations and Summary of Significant Accounting Policies                      
Cash balance 22,300               $ 22,300    
TRC | TRELEGY                      
Description of Operations and Summary of Significant Accounting Policies                      
Total net revenue                 42,800 13,400  
TRC | Collaborative arrangement                      
Description of Operations and Summary of Significant Accounting Policies                      
Related-party receivables $ 14,400       $ 6,400       14,400 $ 6,400  
Theravance Biopharma | TRC | Arbitration                      
Description of Operations and Summary of Significant Accounting Policies                      
Total operating expenses                 $ 3,400