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Concentration of Business Risk
9 Months Ended
Sep. 30, 2012
Concentration of Business Risk  
Concentration of Business Risk

 

 

8.                                      Concentration of Business Risk

 

We have historically funded our operations from collaborations with corporate partners and a relatively small number of partners have accounted for a significant percentage of our revenue. Revenue from significant partners, which is defined as ten percent or more of our total revenue, was as follows:

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Partner A

 

41

%

80

%

78

%

75

%

Partner B

 

18

%

10

%

7

%

16

%

Partner C

 

21

%

0

%

7

%

0

%

Partner D

 

13

%

0

%

2

%

0

%

 

Contract receivables from one significant partner comprised approximately 82 percent of our contract receivables at September 30, 2012. Contract receivables from one significant partner comprised approximately 85 percent of our contract receivables at December 31, 2011.