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Collaboration Agreements (Tables)
12 Months Ended
Dec. 31, 2015
Japan [Member]  
Summary of Revenue Recognized under Agreement

 

 

 

 

 

Years Ended December 31,

 

Agreement

 

Deliverable

 

2015

 

 

2014

 

 

2013

 

Japan

 

    License

 

$

1,024

 

 

$

518

 

 

$

566

 

 

 

    Milestones

 

 

 

 

 

 

 

 

12,500

 

 

 

Total license and milestone revenue

 

$

1,024

 

 

$

518

 

 

$

13,066

 

 

 

Collaboration services revenue*

 

$

198

 

 

$

356

 

 

$

433

 

 

*

When and if available compounds, manufacturing — clinical supplies and committee services have each been identified as separate units of accounting with standalone value and amounts allocable to these elements have been recognized and classified within the Collaboration services revenue line item within the consolidated statements of operations.

Total Arrangement Consideration Allocated to Deliverables along with Associated Deferred Revenue

The total arrangement consideration has been allocated to each of the following deliverables under the Japan Agreement, along with any associated deferred revenue as follows (in thousands):

 

 

 

Cumulative

Revenue

Through

December 31, 2015

 

 

Deferred

Revenue at

December 31, 2015

 

 

Total

Consideration

Through

December 31, 2015

 

License

 

$

42,245

 

 

$

 

 

$

42,245

 

When and if available compounds

 

 

14

 

 

 

28

 

 

 

42

 

Manufacturing--clinical supplies

 

 

1,966

 

 

 

 

 

 

1,966

 

Committee services

 

 

16

 

 

 

 

 

 

16

 

Total license and collaboration services revenue

 

$

44,241

 

 

$

28

 

 

$

44,269

 

 

Europe [Member]  
Summary of Revenue Recognized under Agreement

Amounts recognized as revenue under the Europe Agreement were as follows (in thousands):

 

 

 

 

 

Years Ended December 31,

 

Agreement

 

Deliverable

 

2015

 

 

2014

 

 

2013

 

Europe

 

    License

 

$

17,677

 

 

$

13,935

 

 

$

9,260

 

 

 

    Milestones

 

 

 

 

 

 

 

 

 

 

 

Total license and milestone revenue

 

$

17,677

 

 

$

13,935

 

 

$

9,260

 

 

 

Collaboration services revenue*

 

$

2,697

 

 

$

3,179

 

 

$

2,902

 

 

 

*

When and if available compounds, manufacturing — clinical supplies, development services — in progress at the time of signing of the agreement, and committee services have each been identified as a separate unit of accounting with standalone value and amounts allocable to these units have been recognized in revenue as services are performed and classified within the Collaboration services revenue line item within the consolidated statements of operations.

Total Arrangement Consideration Allocated to Deliverables along with Associated Deferred Revenue

The total arrangement consideration has been allocated to each of the following deliverables under the Europe Agreement, along with any associated deferred revenue as follows (in thousands):

 

 

 

Cumulative

Revenue

Through

December 31, 2015

 

 

Deferred

Revenue at

December 31, 2015

 

 

Total

Consideration

Through

December 31, 2015

 

License

 

$

401,316

 

 

$

 

 

$

401,316

 

When and if available compounds

 

 

332

 

 

 

432

 

 

 

764

 

Manufacturing--clinical supplies

 

 

9,612

 

 

 

 

 

 

9,612

 

Development services--in progress

 

 

32,154

 

 

 

 

 

 

32,154

 

Committee services

 

 

278

 

 

 

 

 

 

278

 

Total license and collaboration services revenue

 

$

443,692

 

 

$

432

 

 

$

444,124

 

 

U.S./RoW [Member]  
Summary of Revenue Recognized under Agreement

Amounts recognized as revenue under the U.S./RoW and China Agreements were as follows (in thousands):

 

 

 

 

 

Years Ended December 31,

 

Agreement

 

Deliverable

 

2015

 

 

2014

 

 

2013

 

U.S. / RoW

and China

 

    License

 

$

114,392

 

 

$

102,738

 

 

$

72,635

 

 

 

    Milestones

 

 

15,000

 

 

 

 

 

 

 

 

 

Total license and milestone revenue

 

$

129,392

 

 

$

102,738

 

 

$

72,635

 

 

 

Collaboration services revenue*

 

$

29,731

 

 

$

16,820

 

 

$

3,843

 

 

 

China single unit of accounting**

 

$

 

 

$

 

 

$

 

 

*

Co-development, information sharing, and committee services have been combined into a single unit of accounting because the requirements to share information and serve on committees are useful only in combination with the development services, and because all three items are delivered over the same period while manufacturing — clinical supplies has been identified as a separate unit of accounting with standalone value and amounts allocable to this unit of accounting have been recognized and classified within the Collaboration services revenue line item within the consolidated statements of operations.

**

All revenues attributable to the China unit of accounting are deferred until all deliverables are met. The China license and collaboration services elements have been combined into a single unit of accounting and consideration allocable to this unit is being deferred due to FibroGen’s retention of manufacturing rights and lack of standalone value.

Total Arrangement Consideration Allocated to Deliverables along with Associated Deferred Revenue

The total arrangement consideration has been allocated to each of the following deliverables under the U.S./RoW and China Agreements, along with any associated deferred revenue as follows (in thousands):

 

 

 

Cumulative

Revenue

Through

December 31, 2015

 

 

Deferred

Revenue at

December 31, 2015

 

 

Total

Consideration

Through

December 31, 2015

 

License

 

$

289,766

 

 

$

 

 

$

289,766

 

Co-development, information sharing & committee

   services

 

 

50,162

 

 

 

37,936

 

 

 

88,098

 

Manufacturing--clinical supplies

 

 

232

 

 

 

70

 

 

 

302

 

China-single unit of accounting

 

 

 

 

 

59,394

 

 

 

59,394

 

Total license and collaboration services revenue

 

$

340,160

 

 

$

97,400

 

 

$

437,560