XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

Intangible Assets, Net | 9 Months Ended
--- | ---
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | 5. Intangible Assets, net Intangible assets are related to certain capitalized milestone and sublicense payments. The following table presents intangible assets (in thousands):
|  | September 30, 2020 |  |  | December 31, 2019 |
Intangible assets |  | $ | 19,773 |  |  | $ | 19,773 |
Less accumulated amortization |  |  | (19,773 | ) |  |  | (17,273 | )
Total |  | $ | - |  |  | $ | 2,500 |
No cost of sales - amortization of intangible assets was recorded for the three months ended September 30, 2020. We recorded cost of sales - amortization of intangible assets of $2.3 million for the three months ended September 30, 2019. We recorded cost of sales - amortization of intangible assets of $2.5 million and $6.9 million for the nine months ended September 30, 2020 and 2019, respectively. See Note 7. Sale of SD-101 Program In May 2019, we announced a strategic restructuring to focus on our vaccine business and curtail our investment in our immuno-oncology programs. In July 2020, we sold assets related to our immuno-oncology compound, SD-101, which included intellectual property, clinical and non-clinical data, regulatory filings, clinical supply inventory and certain contracts to Surefire Medical Inc. d/b/a TriSalus Life Sciences (“TriSalus”). Pursuant to the Asset Purchase Agreement, we received $5 million upon closing of the transaction. TriSalus also agreed to pay us $4 million in December 2020 as reimbursement for certain clinical trial expenses. In addition, we could receive up to an additional $250 million upon the achievement of certain development, regulatory, and commercial milestones and low double-digit royalties based on potential future net sales of product containing SD-101 compound. In connection with our 2009 agreement with Symphony Dynamo, Inc. and Symphony Dynamo Holdings LLC (“Holdings”) in November 2009, we paid $2.5 million to Holdings in August 2020. See Note 6. In the third quarter of 2020, we recognized a gain on sale of SD-101 assets of $6.9 million, based on the amount of consideration received, net of any transaction costs. As of September 30, 2020, the additional cash payment of $4 million was included in accounts and other receivables, net in our condensed consolidated balance sheets. The $2.5 million payment to Holdings was included in selling, general and administrative expense in our condensed consolidated statement of operations.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration