XML 63 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Summary of Product Revenues from Customers

Product revenue from each of the Company’s customers who individually accounted for 10% or more of total revenues consisted of the following:

 

 

 

For the Year Ended December 31, 2019

 

 

For the Year Ended December 31, 2018

 

 

For the Year Ended December 31, 2017

 

CVS/Caremark

 

34%

 

 

39%

 

 

38%

 

Accredo/Acaria

 

22%

 

 

25%

 

 

23%

 

Diplomat

 

10%

 

 

13%

 

 

13%

 

 

Assets Measured at Fair Value on Recurring Basis

 

Following are the major categories of assets measured at fair value on a recurring basis as of December 31, 2019 and 2018, using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3) (in thousands):

 

December 31, 2019

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

$

41,295

 

 

$

 

 

$

 

 

$

41,295

 

Commercial paper

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

 

 

 

41,557

 

 

 

 

 

 

41,557

 

U.S. government securities

 

 

10,050

 

 

 

 

 

 

 

 

 

10,050

 

Totals

 

$

51,345

 

 

$

41,557

 

 

$

 

 

$

92,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

$

83,329

 

 

$

2,987

 

 

$

 

 

$

86,316

 

Commercial paper

 

 

 

 

 

35,941

 

 

 

 

 

 

35,941

 

Corporate bonds

 

 

 

 

 

18,077

 

 

 

 

 

 

18,077

 

U.S. government securities

 

 

2,984

 

 

 

 

 

 

 

 

 

2,984

 

Totals

 

$

86,313

 

 

$

57,005

 

 

$

 

 

$

143,318

 

 

Summary of Short-term Investments

The following tables summarize the Company’s short-term investments (in thousands):

 

 

 

Maturity

 

Amortized

 

 

Unrealized

 

 

Estimated

 

December 31, 2019

 

(in years)

 

cost

 

 

Gains

 

 

Losses

 

 

fair value

 

Cash equivalents

 

 

 

$

41,295

 

 

$

 

 

$

 

 

$

41,295

 

Commercial paper

 

Less than 1

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

Less than 1

 

 

41,507

 

 

 

50

 

 

 

 

 

 

41,557

 

U.S. government securities

 

Less than 1

 

 

10,038

 

 

 

12

 

 

 

 

 

 

10,050

 

Totals

 

 

 

$

92,840

 

 

$

62

 

 

$

 

 

$

92,902

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity

 

Amortized

 

 

Unrealized

 

 

Estimated

 

December 31, 2018

 

(in years)

 

cost

 

 

Gains

 

 

Losses

 

 

fair value

 

Cash equivalents

 

 

 

$

86,316

 

 

$

 

 

$

 

 

$

86,316

 

Commercial paper

 

Less than 1

 

 

35,941

 

 

 

 

 

 

 

 

 

35,941

 

Corporate bonds

 

Less than 1

 

 

18,089

 

 

 

 

 

 

(12

)

 

 

18,077

 

U.S. government securities

 

Less than 1

 

 

2,984

 

 

 

 

 

 

 

 

 

2,984

 

Totals

 

 

 

$

143,330

 

 

$

 

 

$

(12

)

 

$

143,318