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Composition of Certain Balance Sheet Items
9 Months Ended
Sep. 30, 2016
Balance Sheet Related Disclosures [Abstract]  
Composition of Certain Balance Sheet Items

2. Composition of Certain Balance Sheet Items

Inventory

The composition of inventory was as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Raw materials

 

$

2,866

 

 

$

2,141

 

Work in progress

 

 

3

 

 

 

3

 

Finished goods

 

 

2,438

 

 

 

2,338

 

Total inventory

 

 

5,307

 

 

 

4,482

 

Less strategic inventory classified as non-current

 

 

(2,980

)

 

 

(2,800

)

Total inventory classified as current

 

$

2,327

 

 

$

1,682

 

 

We have one manufacturer for mifepristone, the active pharmaceutical ingredient (API) in Korlym — Produits Chimiques Auxiliaires et de Synthèse SA (PCAS) — and one tablet manufacturer for Korlym — Alcami Corporation (formerly known as AAI Pharma Services Corp.). If either of these companies is unable to manufacture API or Korlym tablets in the quantities and time frames we require, we may not be able to meet customer demand. In order to mitigate these risks, we purchase and hold as “Strategic Inventory” additional quantities of API and Korlym tablets that we do not expect to consume within 12 months following the relevant balance sheet date.

Other Accrued Liabilities

Other accrued liabilities consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Government rebates

 

$

2,787

 

 

$

1,663

 

Accrued compensation

 

 

3,380

 

 

 

1,103

 

Commercialization costs

 

 

89

 

 

 

111

 

Legal fees

 

 

140

 

 

 

69

 

Professional fees

 

 

146

 

 

 

220

 

Other

 

 

332

 

 

 

91

 

Total other accrued liabilities

 

$

6,874

 

 

$

3,257