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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions

The fair value of consideration totaled approximately $533.7 million summarized as follows:

	Fair Value
Cash consideration	$	49,221
Fair value of PTC common stock issued	155,860
Estimated fair value of deferred consideration payable	38,100
Estimated fair value of contingent consideration payable	290,500
Total consideration	$	533,681

Preliminary Allocation and Purchase Consideration

The following table presents the preliminary allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date of August 23, 2018, the measurement period adjustments recorded during the period from the acquisition date through December 31, 2018, and the final allocation of the purchase price as of December 31, 2018.

	Preliminary Allocation as of the acquisition date of August 23, 2018				Measurement Period Adjustments				Final Allocation as of December 31, 2018
Cash and cash equivalents	$	328			$	—			$	328
Prepaid expenses and other current assets	181				—				181
Fixed assets	153				—				153
Other assets	38				—				38
Intangible assets - IPR&D	480,000				96,500				576,500
Accounts payable and accrued expenses	(3,828		)		—				(3,828		)
Deferred tax liability	(115,200		)		(6,832		)		(122,032		)
Fair value of net assets acquired	$	361,672			$	89,668			$	451,340
Goodwill	100,309				(17,968		)		82,341
Total purchase price	$	461,981			$	71,700			$	533,681

Purchase price		$	152,353
Total fair value of tangible assets acquired and liabilities assumed:
Inventory		3,980
Emflaza rights		$	148,373

Business Acquisition, Pro Forma Information

The following table summarizes certain supplemental pro forma financial information for the twelve-month periods ended December 31, 2018 and 2017 as if the Merger had occurred as of January 1, 2017.  The unaudited pro-forma financial information for the twelve-month period ended December 31, 2018 reflects adjustments of $1.7 million related to acquisition fees that are non-recurring in nature. There were no adjustments related to the twelve-month period ended December 31, 2017.

	Twelve Months Ended December 31,
	2018			2017
Revenues	$	264,734		$	194,392
Net loss attributable to common stockholders	$	(138,083	)	$	(93,333	)

Schedule of Purchase Price

The following tables present the total purchase consideration and the final allocation of the purchase consideration for the Transaction as of April 20, 2017 (the “Acquisition Date”):

Cash consideration		$	75,000
Fair value of PTC common stock issued to Marathon (6,683,598 shares)		75,190
Acquisition costs		2,163
Total consideration transferred		$	152,353

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