Accrued Expenses

6 Months Ended

Jun. 30, 2019

Accrued expenses consisted of the following (in thousands):



	June 30, 2019		December 31, 2018
Development costs	$	3,758	$	2,928
Employee compensation	906		1,045
Severance to former CEO and other employees	344		278
Professional fees	615		464
Other	7		31
	$	5,630	$	4,746

Stephen A. Hurly departed as the President and Chief Executive of the Company, effective as of August 7, 2018. In connection with his departure, Mr. Hurly and the Company entered into a separation agreement and general release, dated September 28, 2018 (the “Separation Agreement”), which sets forth the terms of Mr. Hurly’s separation from the Company. Pursuant to the Separation Agreement, which includes Mr. Hurly's agreement to a release of claims and complying with certain other continuing obligations contained therein, the Company is obligated to pay Mr. Hurly a total amount of $637,500, less applicable withholdings and deductions, which consists of the equivalent of twelve months of Mr. Hurly’s base salary ($425,000) immediately prior to his departure and Mr. Hurly’s annual target bonus for 2018 ($212,500). In addition, the Company, to the extent allowed by applicable law and the applicable plan documents, will continue to provide Mr. Hurly and certain of his dependents with group health and dental insurance for a period of up to twelve months after the effective date of the Separation Agreement. Accrued severance related to this agreement was $56,000 as of June 30, 2019. The remaining amounts of accrued severance as of June 30, 2019 relate to terminations of other employees during 2019.