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Collaboration and License Agreement (Tables)
3 Months Ended
Mar. 31, 2018
Collaboration And License Agreement Disclosure [Abstract]  
Changes in Contract Assets and Liabilities

The following table presents changes in the Company’s contract assets and liabilities, which excludes research and development reimbursements under the mavacamten registration program plan, for the three months ended March 31, 2017 and 2018 (in thousands):

 

 

 

Three Months Ended March 31, 2018

 

 

 

Balance at

Beginning of Period

 

 

Additions

 

 

Deductions

 

 

Balance at End

of Period

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

33,558

 

 

$

 

 

$

(5,331

)

 

$

28,227

 

 

 

 

Three Months Ended March 31, 2017

 

 

 

Balance at

Beginning of Period

 

 

Additions

 

 

Deductions

 

 

Balance at End

of Period

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Receivable from collaboration partner

 

$

45,000

 

 

$

 

 

$

(45,000

)

 

$

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

45,000

 

 

$

 

 

$

(2,410

)

 

$

42,590

 

 

Schedule of Receivables and Prepayments From Collaboration Partner

The following table presents the RPP related receivables and prepayments (in thousands):

 

 

 

Balance at

December 31, 2017

 

 

Payments

Received from

Sanofi under RPP

 

 

Actual Expenses

Incurred During

the Quarter

 

 

Balance at

March 31, 2018

 

Receivable from collaboration partner

 

$

1,013

 

 

$

1,013

 

 

$

 

 

$

 

Prepayment from collaboration partner

 

$

4,432

 

 

$

6,090

 

 

$

(2,821

)

 

$

7,701