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Sanofi License and Collaboration Agreement (Tables)
6 Months Ended
Jun. 30, 2019
Collaboration And License Agreement Disclosure [Abstract]  
Changes in Contract Liabilities The following table presents changes in the Company’s contract liabilities, which excludes research and development reimbursements under the cost sharing plan further discussed below, for the six months ended June 30, 2018 (in thousands):

 

 

 

Six Months Ended June 30, 2018

 

 

 

Balance at

Beginning of Period

 

 

Additions

 

 

Deductions

 

 

Balance at End

of Period

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

33,558

 

 

$

 

 

$

(11,970

)

 

$

21,588

 

 

Schedule of Research and Development Reimbursement Receivables and Related Prepayments from Collaboration Partner

The following table presents the Sanofi research and development reimbursement receivables and related prepayment activity during the six months ended June 30, 2019 and 2018 (in thousands):  

 

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

Receivable from collaboration partner

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

 

 

$

1,013

 

Deductions

 

 

 

 

 

(1,013

)

Balance at end of period

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

Prepayment from collaboration partner for mavacamten

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

12,973

 

 

$

4,432

 

Payments received from Sanofi

 

 

7,777

 

 

 

11,809

 

Actual expenses incurred

 

 

(18,494

)

 

 

(7,126

)

Balance at end of period

 

$

2,256

 

 

$

9,115