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Consolidated Entities - Theravance Respiratory Company, LLC (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Assets              
Cash and cash equivalents $ 43,265       $ 43,265   $ 246,487 [1]
Receivables from collaborative arrangements 104,262       104,262   93,931 [1]
Prepaid expenses and other current assets 734       734   1,640 [1]
Equity and long-term investments 473,677       473,677   438,258 [1]
Total assets 789,150       789,150   999,570 [1]
Liabilities and LLC Members' Equity              
Current liabilities 5,371       5,371   6,110 [1]
Total liabilities and stockholders' equity 789,150       789,150   999,570 [1]
Income statements              
Total net revenue 100,806   $ 78,946   186,324 $ 157,624  
Operating expenses 4,266   3,155   10,301 5,718  
Income from operations 96,540   75,791   176,023 151,906  
Other income, net (951)   30   (1,384) 98  
Changes in fair values of equity and long-term investments 45,315   46,698   100,360 68,613  
Net income 110,846 $ 109,695 98,225 $ 78,952 220,541 177,177  
Royalty revenue from a related party              
Income statements              
Total net revenue 100,806   68,946   186,324 147,624  
Revenue from collaborative arrangements with a related party              
Income statements              
Total net revenue 0   10,000   0 10,000  
Theravance Respiratory Company, LLC              
Assets              
Cash and cash equivalents 26,128       26,128   38,081
Receivables from collaborative arrangements 26,386       26,386   24,946
Prepaid expenses and other current assets 1       1   0
Equity and long-term investments 22,594       22,594   16,959
Total assets 75,109       75,109   79,986
Liabilities and LLC Members' Equity              
Current liabilities 274       274   508
LLC members' equity 74,835       74,835   79,478
Total liabilities and stockholders' equity 75,109       75,109   $ 79,986
Income statements              
Total net revenue 26,386   25,633   48,470 41,768  
Operating expenses 336   480   3,617 751  
Income from operations 26,050   25,153   44,853 41,017  
Other income, net 0   1   0 37  
Changes in fair values of equity and long-term investments (254)   0   (737) 0  
Net income 25,796   25,154   44,116 41,054  
Theravance Respiratory Company, LLC | Royalty revenue from a related party              
Income statements              
Total net revenue 26,386   15,633   48,470 31,768  
Strategic alliance - MABA program | Theravance Respiratory Company, LLC              
Income statements              
Total net revenue $ 0   $ 10,000   $ 0 $ 10,000  
[1] Consolidated balance sheet as of December 31, 2020 has been derived from audited consolidated financial statements.