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Other Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Other Intangible Assets |
Other Intangible Assets | (8) Other Intangible Assets Details of other intangible assets and movement during the years ended 31 December 2019 and 2018 are included in Appendix III, which forms an integral part of these notes to the consolidated financial statements. Intangible assets acquired from Talecris mainly include currently marketed products. Identifiable intangible assets correspond to Gamunex and have been recognized at fair value at the acquisition date of Talecris and classified as currently marketed products. Intangible assets recognized comprise the rights on the Gamunex product, its commercialization and distribution license, trademark, as well as relations with hospitals. Each of these components is closely linked and fully complementary, are subject to similar risks and have a similar regulatory approval process. Intangible assets acquired from Progenika mainly include currently marketed products. Identifiable intangible assets correspond to blood, immunology and cardiovascular genotyping. These assets have been recognized at fair value at the acquisition date of Progenika and classified as currently marketed products. The cost and accumulated amortization of currently marketed products acquired from Talecris and Progenika at 31 December 2018 is as follows:
|  | Thousands of Euros
|  | Balance at |  |  |  | Translation |  | Balance at
|  | 31/12/2017 |  | Additions |  | differences |  | 31/12/2018
Cost of currently marketed products - Gamunex |  | 1,000,584 |  | — |  | 47,451 |  | 1,048,035
Cost of currently marketed products - Progenika |  | 23,792 |  | — |  | — |  | 23,792
Accumulated amortisation of currently marketed products - Gamunex |  | (219,572) |  | (33,775) |  | (11,573) |  | (264,920)
Accumulated amortisation of currently marketed products - Progenika |  | (11,496) |  | (2,379) |  | — |  | (13,875)
Carrying amount of currently marketed products |  | 793,308 |  | (36,154) |  | 35,878 |  | 793,032
The cost and accumulated amortization of currently marketed products acquired from Talecris and Progenika at 31 December 2019 is as follows:
|  | Thousands of Euros
|  | Balance at |  |  |  | Translation |  | Balance at
|  | 31/12/2018 |  | Additions |  | differences |  | 31/12/2019
Cost of currently marketed products - Gamunex |  | 1,048,035 |  | — |  | 21,007 |  | 1,069,042
Cost of currently marketed products - Progenika |  | 23,792 |  | — |  | — |  | 23,792
Accumulated amortisation of currently marketed products - Gamunex |  | (264,920) |  | (35,661) |  | (5,284) |  | (305,865)
Accumulated amortisation of currently marketed products - Progenika |  | (13,875) |  | (2,379) |  | — |  | (16,254)
Carrying amount of currently marketed products |  | 793,032 |  | (38,040) |  | 15,723 |  | 770,715
The estimated useful life of the currently marketed products acquired from Talecris is considered limited, has been estimated at 30 years on the basis of the expected life cycle of the product (Gamunex) and is amortized on a straight-line basis. At 31 December 2019 the residual useful life of currently marketed products is 21 years and 5 months (22 years and 5 months at 31 December 2018). The estimated useful life of the currently marketed products acquired from Progenika is considered limited, has been estimated at 10 years on the basis of the expected life cycle of the product and is amortized on a straight-line basis. At 31 December 2019 the residual useful life of currently marketed products acquired from Progenika is 3 years and 2 months (4 years and 2 months at 31 December 2018). (a)Self — constructed intangible assets At 31 December 2019 the Group has recognized Euros 48,797 thousand as self-constructed intangible assets (Euros 58,254 thousand at 31 December 2018). (b)Purchase commitments At 31 December 2019 the Group has intangible asset purchase commitments amounting to Euros 381 thousand (Euros 589 thousand at 31 December 2018). (c)Intangible assets with indefinite useful lives and other intangibles in progress At 31 December 2019 the Group recognizes plasma center licenses with indefinite useful lives under intangible assets for a carrying amount of Euros 29,960 thousand (Euros 26,917 thousand at 31 December 2018). The Group has also an amount of Euros 223,161 thousand as development costs in progress (Euros 206,087 thousand at 31 December 2018). In 2019, Grifols reached an agreement with the US biotech company Rigel Pharmaceuticals to exclusively commercialize fostamatinib disodium hexahydrate in all potential future indications in Europe and Turkey. Under terms of the agreement, Grifols did an initial payment of US Dollars 30 million and an additional payment of US Dollars 17.5 million related to regulatory milestones. The Group has registered those payments as an intangible asset following IAS 38 standard. This asset will not be amortized until it is available for use, that is, after the final approval of the regulator. It will be annually tested for impairment until it is available for use. (d)Results on disposal of intangible assets No profit on disposal and sale of intangibles has been recognized in 2019. Total profit on disposals and sale of intangible assets in 2018 amounted to Euros 8,101 thousand, mainly due to the sale of plasma centers to Kedplasma. (e)Impairment testing Indefinite-lived intangible assets have been allocated to the cash-generating unit (CGU) of the Bioscience segment. These assets have been tested for impairment together with goodwill (see note 7). Impairment testing has been analyzed for each of the intangible assets in progress by calculating its recoverable amount based on their fair value. On 29 January 2018 (prior to the date that the 2017 consolidated financial statements were authorized for issued) Aradigm communicated that it had not obtained the approval of the Antimicrobial Drugs Advisory Committee of the US Food and Drug Administration (FDA) for Linahiq TM. As the Committee did not recommend it as a treatment for non-cystic fibrosis bronchiectasis patients with chronic lung Pseudomonas aeruginosa infections, the intangible assets related to the product have been totally impaired and recognized as R&D expense in the statement of profit and loss for 2017 for an amount of Euros 63,675 thousand. In 2017 the investment in this company and the bonds that the Group held with the company were impaired.

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