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Inventories
3 Months Ended
Mar. 31, 2017
Inventories  
Inventories

 

Note 6.   Inventories

 

Inventories consist of work in process and finished goods related to the manufacture of Galafold.  The following table summarizes the components of inventories at March 31, 2017 (in thousands):

 

 

 

March 31, 2017

 

December 31, 2016

 

Work-in-process

 

$

3,473

 

$

3,308

 

Finished goods

 

225

 

108

 

 

 

 

 

 

 

Total inventories

 

$

3,698

 

$

3,416

 

 

 

 

 

 

 

 

 

 

Inventory manufactured prior to commercialization was expensed to research and development. Inventories are reviewed periodically to identify slow-moving or obsolete inventory based on projected sales activity, as well as product shelf-life. In evaluating the recoverability of inventories produced, the Company considers the probability that revenue will be obtained from the future sale of the related inventory. Inventory becomes obsolete when it has aged past its shelf-life, cannot be recertified and is no longer usable or able to be sold, or the inventory has been damaged. In such instances, a full reserve is taken against such inventory. Expired inventory is disposed of and the related costs are recognized as cost of product sales in the consolidated statement of operations. There have been no write-downs of inventory from the time inventory was first capitalized.