XML 52 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies [Abstract]  
Schedule of future minimum annual payments
As of December 31, 2015, future minimum annual payments under all operating lease agreements are as follows:

Years ending December 31,
 
Minimum
Annual Payments
2016
 
$
2,024
2017
  
3,825
2018
  
3,907
2019
  
3,901
2020
  
3,987
Thereafter
  
22,567
Total
 
$
40,211

Schedule of licensing, service and supply agreements
b. Licensing, Service and Supply Agreements

Progenics and its subsidiaries have entered into intellectual property-based license and service agreements in connection with product development programs, and have incurred milestone, license and sublicense fees and supply costs, included in research and development expenses, totaling approximately $388, $498 and $567 during the last three years, respectively.

  
Paid from inception/acquisition to December 31, 2015
  
Future (1)
Commitments
 
Terms
Seattle Genetics, Inc.
 
$
4,601
  
$
13,800
 
Milestone and periodic maintenance payments to use ADC technology to link chemotherapeutic agents to monoclonal antibodies that target prostate specific membrane antigen. ADC technology is based in part on technology licensed by SGI from third parties.
 
Amgen Fremont, Inc. (formerly Abgenix)
  
1,350
   
5,750
 
Milestones and royalties to use XenoMouse® technology for generating fully human antibodies to PSMA LLC's PSMA antigen.
 
Former member of PSMA LLC
  
353
   
52,188
 
Annual minimum royalty payments and milestones to use technology related to PSMA.
 
University of Zurich and the Paul Scherrer Institute
 
 
270
  
 
1,070
 
Annual maintenance and license fee payments, milestones and royalties in respect of licensed technology related to 1404.
 
University of Western Ontario
  
27
   
274
 
Annual minimum royalty, administration and milestone payments in respect of licensed technology related to AZEDRA.
 
Johns Hopkins University Technology
  
150
   
2,760
 
Annual minimum royalty payments and milestones to use technology related to PyL.
                                                       
(1) Amounts based on known contractual obligations as specified in the respective license agreements, which are dependent on the achievement or occurrence of future milestones or events and exclude amounts for royalties which are dependent on future sales and are unknown.

In addition, we are planning to out-license or terminate non-germane Molecular Insight licenses and service agreements, as to which we have paid $251 through December 31, 2015, and have future commitments of $14,375, subject to occurrence of future milestones or events.