Acquisition of Txcell S.A. (Tables)

3 Months Ended

Mar. 31, 2019

The following table summarizes the estimated fair value of the net assets acquired as of the Acquisition Date (in thousands):

	October 1, 2018
Consideration transferred	$	45,911
Fair value of non-controlling interest		35,829
Fair value of TxCell	$	81,740

Cash		4,779
Current assets		2,427
Property and equipment		1,857
IPR&D		55,019
Other assets		155
Current liabilities		(9,761	)
Assumed debt liabilities		(4,933	)
Deferred tax liability, net		(6,798	)
Fair value of net identifiable assets acquired		42,745
Goodwill		38,995
Total fair value of net assets acquired	$	81,740

Non-controlling interest as of March 31, 2019 was as follows (in thousands):

Non-controlling interest at January 1, 2018	$	—
Non-controlling interest at Acquisition Date		35,829
Shares acquired post acquisition		(34,516	)
Non-controlling interest of acquired entity		1,313
Foreign currency effect		(19	)
Loss attributable to non-controlling interest		(555	)
Non-controlling interest at December 31, 2018		739
Loss attributable to non-controlling interest		(53	)
Non-controlling interest at March 31, 2019	$	686