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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Fair Value of the Company's Investments by Type

The following tables summarize the fair value of the Company’s investments by type. The estimated fair value of the Company’s fixed income investments are classified as Level 2 in the fair value hierarchy as defined in U.S. GAAP with the exception of U.S. Treasury securities, which are classified as Level 1. These valuations are based on observable direct and indirect inputs, primarily quoted prices of similar, but not identical, instruments in active markets or quoted prices for identical or similar instruments in markets that are not active. These fair values are obtained from independent pricing services which utilize Level 2 inputs.

 

     December 31, 2013  
                   Gross      Gross         
     Amortized      Accrued      Unrealized      Unrealized      Estimated  
     Cost      Interest      Gains      Losses      Fair Value  

Obligations of U.S. Government and its agencies

   $ 4,899       $ 1       $ 1       $ —         $ 4,901   

Corporate debt securities

     8,528         47         2         1         8,576   

Commercial paper

     5,994         —           2         —           5,996   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total investments

   $ 19,421       $ 48       $ 5       $ 1       $ 19,473   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

     December 31, 2012  
                   Gross      Gross         
     Amortized      Accrued      Unrealized      Unrealized      Estimated  
     Cost      Interest      Gains      Losses      Fair Value  

U.S. Treasury securities

   $ 999       $ 2       $ 2       $ —         $ 1,003   

Obligations of U.S. Government and its agencies

     3,505         6         2         —           3,513   

Corporate debt securities

     4,035         22         6         —           4,063   

Commercial paper

     1,695         —           1         —           1,696   

Municipal obligations

     5,541         27         16         —           5,584   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total investments

   $ 15,775       $ 57       $ 27       $ —         $ 15,859   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Scheduled Maturity for the Company's Investments

The following table summarizes the scheduled maturity for the Company’s investments at December 31, 2013 and 2012.

 

     2013      2012  

Maturing in one year or less

   $ 16,891       $ 14,708   

Maturing after one year through two years

     2,582         1,151   

Maturing after two years

     —           —     
  

 

 

    

 

 

 

Total investments

   $ 19,473       $ 15,859   
  

 

 

    

 

 

 
Summary of Receivables

These receivables are evaluated to determine if any reserve or allowance should be established at each reporting date. At December 31, 2013 and 2012 the Company had the following receivables.

 

     December 31, 2013  
     Billed      Unbilled      Total  

U.S. Department of Health and Human Services

   $ 90       $ 1,573       $ 1,663   

Shionogi & Co. Ltd.

     452         —           452   
  

 

 

    

 

 

    

 

 

 

Total receivables

   $ 542       $ 1,573       $ 2,115   
  

 

 

    

 

 

    

 

 

 
     December 31, 2012  
     Billed      Unbilled      Total  

U.S. Department of Health and Human Services

   $ 150       $ 3,888       $ 4,038   

Shionogi & Co. Ltd.

     524         —          524   
  

 

 

    

 

 

    

 

 

 

Total receivables

   $ 674       $ 3,888       $ 4,562   
  

 

 

    

 

 

    

 

 

 
Components of Inventories

The Company’s inventory consisted of the following:

 

     As of December 31,  
     2013     2012  

Supplies

   $ 263      $ 263   

Finished goods

     3,980        3,980   

Reserve for finished goods and supplies

     (4,243 )     (4,243 )
  

 

 

   

 

 

 

Net inventories

   $ —        $ —     
  

 

 

   

 

 

 
Summary of Revenues

The Company recorded the following revenues for the years ended December 31:

 

     2013      2012      2011  

Royalty revenue

   $ 2,562       $ 3,317       $ —     

Collaborative and other research and development revenues:

        

U.S. Department of Health and Human Services

     13,585         14,026         17,099   

Shionogi (Japan)

     1,184         1,184         1,181   

Mundipharma (United Kingdom)

     —           7,766         1,277   

Grants (United States)

     —           —           86   
  

 

 

    

 

 

    

 

 

 

Total collaborative and other research and development revenues

     14,769         22,976         19,643   
  

 

 

    

 

 

    

 

 

 

Total revenues

   $ 17,331       $ 26,293       $ 19,643   
  

 

 

    

 

 

    

 

 

 
Schedule of Activity in the Restructuring Liability

The following table sets forth activity in the restructuring liability for the years ended December 31, 2013, 2012 and 2011.

 

     Employee
separation
costs
    Facilities
related
charges
    Total  

Balance at December 31, 2010

   $ 158      $ —        $ 158   

Accruals

     (158 )     —          (158 )
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011

     —          —          —     

Accruals

     1,662        97        1,759   

Payments

     (58 )     —          (58 )
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012

     1,604        97        1,701   

Accruals

     —          (97 )     (97 )

Payments

     (1,604 )     —          (1,604 )
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2013

   $ —        $ —        $ —