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Contract Revenue - Related Party (Notes)
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
Contract Revenue - Related Party
Contract Revenue - Related Party

During the three months ended September 2015, the Company entered into a services agreement with a private company that is a related party. Pursuant to the services agreement, the Company provides certain services to this related party, including, but not limited to, research and development and clinical trial design and management. In exchange for providing such services pursuant to the services agreement, the Company receives payments at a negotiated, arms-length rate. As a result, the consideration received by the Company for its services under the services agreement is considered to be no less favorable to the Company than comparable terms that the Company could obtain from an unaffiliated third party in an arms-length transaction. The services agreement may be canceled by either party upon 60-days' written notice to the other party. Additionally, the Company anticipates receiving a non-voting profits interest in the related party, providing the Company with the potential to receive a portion of the future distributions of profits, if any.

During the three and nine months ended September 30, 2015, the Company recognized approximately $647,000 of contract revenue for services and costs provided under the services agreement.