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REVENUE RECOGNITION AND COLLABORATIVE ARRANGEMENTS | 12 Months Ended
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Dec. 31, 2020
REVENUE RECOGNITION AND COLLABORATIVE ARRANGEMENTS |
REVENUE RECOGNITION AND COLLABORATIVE ARRANGEMENTS | 3. REVENUE RECOGNITION AND COLLABORATIVE ARRANGEMENTS Revenue from Collaborative Arrangements Net revenue recognized under our GSK Agreements was as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Royalties from a related party - RELVAR/BREO | ​ | $ | 221,536 | ​ | $ | 189,424 | ​ | $ | 220,162
Royalties from a related party - ANORO | ​ |  | 45,992 | ​ |  | 42,625 | ​ |  | 41,286
Royalties from a related party - TRELEGY | ​ | ​ | 73,089 | ​ | ​ | 42,790 | ​ | ​ | 13,379
Total royalties from a related party | ​ |  | 340,617 | ​ |  | 274,839 | ​ |  | 274,827
Less: amortization of capitalized fees paid to a related party | ​ |  | (13,823) | ​ |  | (13,823) | ​ |  | (13,823)
Royalty revenue | ​ |  | 326,794 | ​ |  | 261,016 | ​ |  | 261,004
Strategic alliance - MABA program | ​ | ​ | 10,000 | ​ | ​ | — | ​ | ​ | —
Total net revenue from GSK | ​ | $ | 336,794 | ​ | $ | 261,016 | ​ | $ | 261,004
​ LABA Collaboration As a result of the launch and approval of RELVAR®/BREO® ELLIPTA® and ANORO® ELLIPTA® in the U.S., Japan and Europe, we paid milestone fees to GSK totaling $220.0 million during the year ended December 31, 2014. The milestone fees paid to GSK were recognized as capitalized fees paid to a related party, which are being amortized over their estimated useful lives commencing upon the commercial launch of the product. The amortization expense is recorded as a reduction to the royalties from GSK. We are entitled to receive annual royalties from GSK on sales of RELVAR®/BREO® ELLIPTA® as follows: 15% on the first $3.0 billion of annual global net sales and 5% for all annual global net sales above $3.0 billion. Sales of single-agent LABA medicines and combination medicines would be combined for the purposes of this royalty calculation. For other products combined with a LABA from the LABA Collaboration, such as ANORO® ELLIPTA®, royalties are upward tiering and range from 6.5% to 10%. We are also entitled to 15% of royalty payments made by GSK under its agreements originally entered into with us, and since assigned to TRC in connection with the Spin-Off, including TRELEGY® ELLIPTA®, which royalties are upward tiering and range from 6.5% to 10%. 2004 Strategic Alliance During the year ended December 31, 2020, we recognized $10.0 million in revenue from a termination fee paid in connection with the termination of the Bifunctional Muscarinic Antagonist-Beta2 Agonist (“MABA”) program under the Strategic Alliance Agreement with GSK.

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