XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.20.2

Significant Agreements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Significant agreements. |
Summary of revenue recognized from collaboration arrangements | The following table summarizes the revenue recognized in the Company’s condensed consolidated statements of operations and comprehensive loss from the Company’s collaboration agreements (in thousands):
|  | Three Months |  | Nine Months
|  | Ended |  | Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Collaboration revenues |  |  |  |  |  |  |  |  |  |  |  |
AstraZeneca |  | $ | 213 |  | $ | 441 |  | $ | 944 |  | $ | 1,229
Sanofi |  |  | — |  |  | — |  |  | — |  |  | 6,016
Oxurion |  |  | 2,362 |  |  | — |  |  | 2,362 |  |  | —
Dementia Discovery Fund |  |  | 58 |  |  | 173 |  |  | 170 |  |  | 275
Material transfer agreement |  |  | — |  |  | — |  |  | — |  |  | 1,000
Genentech |  |  | 1,209 |  |  | — |  |  | 3,066 |  |  | —
Total collaboration revenues |  | $ | 3,842 |  | $ | 614 |  | $ | 6,542 |  | $ | 8,520
Summary of changes in the balances of the Company’s contract assets and liabilities | The following table presents changes in the balances of the Company’s contract assets and liabilities (in thousands):
|  | Beginning Balance |  |  |  |  |  | Impact of |  | Ending Balance
|  | January 1, |  |  |  |  |  | Exchange |  | September 30,
|  | 2020 |  | Additions |  | Deductions |  | Rates |  | 2020
Contract assets |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Contract liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AstraZeneca collaboration deferred revenue |  |  | 4,913 |  |  | 433 |  |  | (118) |  |  | (138) |  |  | 5,090
DDF collaboration deferred revenue |  |  | 744 |  |  | — |  |  | (178) |  |  | (16) |  |  | 550
Genentech collaboration deferred revenue |  |  | — |  |  | 31,000 |  |  | (3,200) |  |  | (165) |  |  | 27,635
Total deferred revenue |  | $ | 5,657 |  | $ | 31,433 |  | $ | (3,496) |  | $ | (319) |  | $ | 33,275
|  | Beginning Balance |  |  |  |  |  | Impact of |  | Ending Balance
|  | January 1, |  |  |  |  |  | Exchange |  | December 30,
|  | 2019 |  | Additions |  | Deductions |  | Rates |  | 2019
Contract assets |  | $ | — |  | $ | 149 |  | $ | (149) |  | $ | — |  | $ | —
Contract liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AstraZeneca collaboration deferred revenue |  |  | 4,727 |  |  | 58 |  |  | (35) |  |  | 163 |  |  | 4,913
Sanofi collaboration deferred revenue |  |  | 9,908 |  |  | — |  |  | (9,984) |  |  | 76 |  |  | —
DDF collaboration deferred revenue |  |  | — |  |  | 1,114 |  |  | (394) |  |  | 24 |  |  | 744
Total deferred revenue |  | $ | 14,635 |  | $ | 1,172 |  | $ | (10,413) |  | $ | 263 |  | $ | 5,657
Summary of recognition of revenues as a result of changes in contract asset and contract liability balances | During the three and nine months ended September 30, 2020 and 2019, the Company recognized the following revenues as a result of changes in the contract asset and the contract liability balances in the respective periods (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Revenue recognized in the period from: |  |  |  |  |  |  |  |  |  |  |  |
Revenue recognized based on proportional performance |  | $ | (1,267) |  | $ | (173) |  | $ | (3,496) |  | $ | (310)
Revenue recognized based on expiration of material rights |  |  | — |  |  | — |  |  | — |  |  | (5,286)
Total |  | $ | (1,267) |  | $ | (173) |  | $ | (3,496) |  | $ | (5,596)
AstraZeneca |
Significant agreements. |
Summary of allocation of transaction price to separate performance obligations | Based on the relative standalone selling price, the allocation of the transaction price to the separate performance obligations at the inception of the arrangement is as follows (in thousands):
|  | Allocation of
Performance Obligations |  | Transaction Price
Target Three Research License and Related Services |  | $ | 650
Target 3 Material Right |  |  | 1,504
Target 4 Material Right |  |  | 1,204
Target 5 Material Right |  |  | 1,165
Target 6 Material Right |  |  | 1,127
|  | $ | 5,650
Sanofi |
Significant agreements. |
Summary of allocation of transaction price to separate performance obligations | Based on the relative standalone selling price, the allocation of the transaction price to the separate performance obligations at the inception of the arrangement is as follows (in thousands):
|  | Allocation of
Performance Obligations |  | Transaction Price
Sickle Cell Research License and Related Services |  | $ | 1,405
Hemophilia Research License and Related Services |  |  | 2,811
Sickle Cell License Option Material Right |  |  | 5,286
Hemophilia License Option Material Right |  |  | 4,698
|  | $ | 14,200
Genetech |
Significant agreements. |
Summary of allocation of transaction price to separate performance obligations | Based on the relative standalone selling price, the allocation of the transaction price to the separate performance obligations is as follows (in thousands):
|  | Allocation of
Performance Obligations |  | Transaction Price
Genentech Collaboration Program #1 Performance Obligation |  | $ | 3,775
Genentech Collaboration Program #2 Performance Obligation |  |  | 7,550
Specified Targeting Arm Material Right Arm for Genentech Collaboration Program #1 |  |  | 330
Two material rights associated with the LSR Go Option for Collaboration Programs #1 and #2 |  |  | 11,650
Material rights associated with limited substitution rights |  |  | 1,115
Two material rights for Expansion Options |  |  | 6,580
|  | $ | 31,000

X
- Definition Represents the tabular disclosure of recognition of revenues as a result of changes in contract asset and contract liability balances. + References No definition available. + Details
Name: | bcyc_RevenueChangeInContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | bcyc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the tabular disclosure of allocation of transaction price to separate performance obligations. + References No definition available. + Details
Name: | bcyc_RevenuePerformanceObligationAllocationOfTransactionPriceTableTextBlock
Namespace Prefix: | bcyc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_CollaborativeArrangementsAndNoncollaborativeArrangementTransactionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 808 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6931272&loc=SL5834143-161434 + Details
Name: | us-gaap_ScheduleOfCollaborativeArrangementsAndNoncollaborativeArrangementTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=bcyc_AstrazenecaCollaborationAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=bcyc_SanofiCollaborationAgreementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=bcyc_GenetechMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |