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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
Table Total for
PEO (1)
(b)
Compensation
Actually Paid
to PEO (2)
(c)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs (3)
(d)
Average
Compensation
Actually Paid
to Non-PEO
NEOs (4)
(e)
Value of Initial Fixed $100
Investment Based on:
Net Income ($
in millions) (7)
(h)
Revenue ($ in
millions) (8)
(i)
Total Share-
Holder Return (5)
(f)
Peer Group
Total Share-
Holder Return (6)
(g)
2023
$16,958,057
$(10,805,540)
$7,004,879
$(2,186,013)
$249.65
$159.01
$984.8
$2,327.5
2022
$5,322,204
$41,188,180
$2,381,140
$15,387,032
$315.72
$153.08
$727.3
$1,936.3
2021
$3,511,071
$50,428,496
$1,962,289
$18,294,614
$245.32
$137.47
$475.8
$1,685.5
2020
$4,811,672
$49,919,731
$4,145,541
$17,608,882
$172.33
$110.52
$514.8
$1,483.3
      
Company Selected Measure Name Revenue      
Named Executive Officers, Footnote The dollar amounts reported in column (b) are the amounts reported for Martine Rothblatt, Chairperson and Chief Executive Officer, for each
of the corresponding years in the “Total” column of the in our Summary Compensation Table. Refer to the Summary Compensation
Table above.
The dollar amounts reported in column (d) represent the average of the amounts reported for our NEOs as a group (excluding Dr. Rothblatt) in
the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes
in each applicable year are as follows: James Edgemond, Chief Financial Officer and Treasurer; Michael Benkowitz, President and Chief
Operating Officer; and Paul Mahon, Executive Vice President and General Counsel.
      
Peer Group Issuers, Footnote The peer group used for this purpose is the following published industry index: Nasdaq U.S. Benchmark Pharmaceuticals TR Index. This is the
peer group that is used in our five-year performance graph that is disclosed in Item 5 of our Annual Report on Form 10-K for the year ended
December 31, 2023.
      
PEO Total Compensation Amount $ 16,958,057 $ 5,322,204 $ 3,511,071 $ 4,811,672
PEO Actually Paid Compensation Amount $ (10,805,540) 41,188,180 50,428,496 49,919,731
Adjustment To PEO Compensation, Footnote The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Dr. Rothblatt, as computed in accordance
with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by Dr. Rothblatt. In accordance with
these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown
below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did
not materially differ from those disclosed at the time of grant.
Compensation Actually Paid to PEO
2023
2022
2021
2020
Summary Compensation Table Total
$16,958,057
$5,322,204
$3,511,071
$4,811,672
Less value of Stock Options and RSUs reported in Summary
Compensation Table
$11,302,852
—
—
—
Less Change in Pension Value reported in Summary Compensation Table
—
—
—
$1,575,757
Plus year-end fair value of outstanding and unvested equity awards
granted in the year
$24,052,395
—
—
—
Plus fair value as of vesting date of equity awards granted and vested in
the year
—
—
—
—
Plus (less) year over year change in fair value of outstanding and
unvested equity awards granted in prior years
—
$41,115,001
$42,020,090
$46,738,027
Plus (less) change in fair value from prior fiscal year end to the vesting
date of equity awards granted in prior years that vested in the year
$(40,513,140)
$(5,249,025)
$4,897,335
$(54,211)
Less prior year-end fair value for any equity awards forfeited in the year
—
—
—
—
Plus dividends or other earnings paid on awards in the covered fiscal year
prior to vesting if not otherwise included in the Summary Compensation
Table Total for the covered fiscal year
—
—
—
—
Plus pension service cost for services rendered during the year
—
—
—
—
Compensation Actually Paid to Martine Rothblatt, Chairperson and CEO
$(10,805,540)
$41,188,180
$50,428,496
$49,919,731
      
Non-PEO NEO Average Total Compensation Amount $ 7,004,879 2,381,140 1,962,289 4,145,541
Non-PEO NEO Average Compensation Actually Paid Amount $ (2,186,013) 15,387,032 18,294,614 17,608,882
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding
Dr. Rothblatt), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, these amounts reflect “Total
Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in
accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those
disclosed at the time of the grant.
Average Compensation Actually Paid to Non-PEO NEOs
2023
2022
2021
2020
Average Summary Compensation Table Total
$7,004,879
$2,381,140
$1,962,289
$4,145,541
Less average value of Stock Options and RSUs reported in
Summary Compensation Table
$3,767,178
—
—
—
Less average Change in Pension Value reported in
Summary Compensation Table
$622,514
—
$278,975
$2,461,396
Plus average year-end fair value of outstanding and unvested equity
awards granted in the year
$8,017,006
—
—
—
Plus average fair value as of vesting date of equity awards granted and
vested in the year
—
—
—
—
Plus (less) average year over year change in fair value of outstanding
and unvested equity awards granted in prior years
—
$13,705,000
$14,006,697
$14,907,728
Plus (less) average change in fair value from prior fiscal year end to the
vesting date of equity awards granted in prior years that vested in
the year
$(13,504,380)
$(1,749,675)
$1,464,630
$69,866
Less prior year-end fair value for any equity awards forfeited in the year
—
—
—
—
Plus dividends or other earnings paid on awards in the covered fiscal
year prior to vesting if not otherwise included in the Summary
Compensation Table Total for the covered fiscal year
—
—
—
—
Plus average pension service cost for services rendered during the year
$686,174
$1,050,567
$1,139,973
$947,143
Average Compensation Actually Paid to Non-PEO NEOs
$(2,186,013)
$15,387,032
$18,294,614
$17,608,882
      
Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid, Cumulative TSR, and Peer Group TSR
03_426841-3_bar_CAP-CTSR-PeerTSR.jpg
      
Compensation Actually Paid vs. Net Income Compensation Actually Paid and Net Income
03_426841-3_bar_CAP-netincome.jpg
      
Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid and Company-Selected Measure (Revenue)
03_426841-3_bar_CAP-revenue.jpg
      
Total Shareholder Return Vs Peer Group Compensation Actually Paid, Cumulative TSR, and Peer Group TSR
03_426841-3_bar_CAP-CTSR-PeerTSR.jpg
      
Tabular List, Table Revenue
•Cash Profit Margin
•Number of Patients
•R&D Performance
•Manufacturing Performance
      
Total Shareholder Return Amount $ 249.65 315.72 245.32 172.33
Peer Group Total Shareholder Return Amount 159.01 153.08 137.47 110.52
Net Income (Loss) $ 984,800,000 $ 727,300,000 $ 475,800,000 $ 514,800,000
Company Selected Measure Amount 2,327,500,000 1,936,300,000 1,685,500,000 1,483,300,000
PEO Name Martine Rothblatt      
Additional 402(v) Disclosure Total Shareholder Return (TSR) is calculated by dividing (a) the difference between our share price at the end of each fiscal year shown and
the beginning of the measurement period, and the beginning of the measurement period by (b) our share price at the beginning of the
measurement period. The beginning of the measurement period for each year in the table is December 31, 2019.
The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year.Revenue was chosen from the five most important performance measures we use to link compensation actually paid to the PEO and other
NEOs in each applicable year to our company’s performance.
      
Measure:: 1        
Pay vs Performance Disclosure        
Name Revenue      
Measure:: 2        
Pay vs Performance Disclosure        
Name Cash Profit Margin      
Measure:: 3        
Pay vs Performance Disclosure        
Name Number of Patients      
Measure:: 4        
Pay vs Performance Disclosure        
Name R&D Performance      
Measure:: 5        
Pay vs Performance Disclosure        
Name Manufacturing Performance      
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 1,575,757
PEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 11,302,852 0 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 24,052,395 0 0 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 41,115,001 42,020,090 46,738,027
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (40,513,140) (5,249,025) 4,897,335 (54,211)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 622,514 0 278,975 2,461,396
Non-PEO NEO | Aggregate Pension Adjustments Service Cost        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 686,174 1,050,567 1,139,973 947,143
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,767,178 0 0 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,017,006 0 0 0
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 13,705,000 14,006,697 14,907,728
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (13,504,380) (1,749,675) 1,464,630 69,866
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0