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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of net revenue from collaboration arrangement

Net revenue recognized under our GSK Agreements was as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(In thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Royalties
   - RELVAR/BREO

 

$

48,199

 

 

$

45,585

 

 

$

154,317

 

 

$

150,922

 

Royalties
   - ANORO

 

 

12,313

 

 

 

11,429

 

 

 

35,264

 

 

 

32,127

 

Total royalties

 

 

60,512

 

 

 

57,014

 

 

 

189,581

 

 

 

183,049

 

Less: amortization of capitalized fees paid

 

 

(3,456

)

 

 

(3,456

)

 

 

(10,368

)

 

 

(10,368

)

Total net royalty revenue

 

$

57,056

 

 

$

53,558

 

 

$

179,213

 

 

$

172,681