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Revenue
6 Months Ended
Jun. 30, 2019
Revenue  
Revenue

6.           Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 

 

June 30, 

(in thousands)

    

2018

    

2019

 

2018

    

2019

Collaboration revenues

 

$

 —

 

$

 

$

6,500

 

$

1,000

Research premium

 

 

709

 

 

351

 

 

1,479

 

 

744

Government grants

 

 

138

 

 

174

 

 

419

 

 

484

Total

 

$

847

 

$

525

 

$

8,398

 

$

2,228

 

The collaboration revenue for the six months ended June 30, 2018 reflects the amounts recorded from the Sinovant License Agreement (see Note 11) and includes the $5.0 million non-refundable upfront payment received as consideration for entering into the license agreement with Sinovant as well as $1.5 million of variable consideration related a future milestone payment that the Company received in the first quarter of 2019. The $1.0 million of collaboration revenue for the six months ended June 30, 2019 reflects the upfront payment under the Sunovion License Agreement received in April 2019 (see Note 12). The remainder of the revenue in the three and six months ended June 30, 2018 and 2019 reflects governmental research premiums, non-refundable government grants and the benefit of government loans at below-market interest rates.