Intellectual Property and Collaborative Agreements

9 Months Ended

Sep. 30, 2015

Intellectual Property and Contractual Agreements [Abstract]

Intellectual Property and Collaborative Agreements

Note 4 — Intellectual Property and Collaborative Agreements

Novosom — In July 2010, we entered into an agreement pursuant to which we acquired intellectual property for Novosom’s SMARTICLES-based liposomal delivery system. In January 2015, we paid Novosom $0.08 million cash and issued 0.12 million shares of common stock valued at $0.08 million for amounts due related to the MiNA license signed in December 2014. We owed Novosom 0.24 million shares of common stock with a value of $0.13 million during the nine months ended September 30, 2015, for amounts due related to an accelerated milestone payment under the Mirna license signed in December 201l of which $0.01 million or 0.03 million shares of common stock has yet to be issued as of September 30, 2015.