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Collaboration Agreements (Tables)
6 Months Ended
Jun. 30, 2016
Japan [Member]  
Summary of Revenue Recognized under Agreement

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Agreement

 

Deliverable

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Japan

 

    License

 

$

43

 

 

$

91

 

 

$

118

 

 

$

528

 

 

 

    Milestones

 

 

10,000

 

 

 

 

 

 

10,000

 

 

 

 

 

 

Total license and milestone revenue

 

 

10,043

 

 

$

91

 

 

$

10,118

 

 

$

528

 

 

 

Collaboration services revenue*

 

 

3

 

 

$

42

 

 

$

7

 

 

$

100

 

 

*

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 condensed 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

June 30, 2016

 

 

Deferred

Revenue at

June 30, 2016

 

 

Total

Consideration

Through

June 30, 2016

 

License

 

$

42,362

 

 

$

 

 

$

42,362

 

When and if available compounds

 

 

15

 

 

 

27

 

 

 

42

 

Manufacturing--clinical supplies

 

 

1,971

 

 

 

 

 

 

1,971

 

Committee services

 

 

17

 

 

 

 

 

 

17

 

Total license and collaboration services revenue

 

$

44,365

 

 

$

27

 

 

$

44,392

 

 

Europe [Member]  
Summary of Revenue Recognized under Agreement

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

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Agreement

 

Deliverable

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Europe

 

    License

 

$

3,000

 

 

$

4,769

 

 

$

6,238

 

 

$

9,024

 

 

 

    Milestones

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total license and milestone revenue

 

 

3,000

 

 

 

4,769

 

 

 

6,238

 

 

 

9,024

 

 

 

Collaboration services revenue*

 

$

323

 

 

$

677

 

 

$

671

 

 

$

1,253

 

 

 

*

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 condensed 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

June 30, 2016

 

 

Deferred

Revenue at

June 30, 2016

 

 

Total

Consideration

Through

June 30, 2016

 

License

 

$

407,554

 

 

$

 

 

$

407,554

 

When and if available compounds

 

 

354

 

 

 

422

 

 

 

776

 

Manufacturing--clinical supplies

 

 

9,762

 

 

 

 

 

 

9,762

 

Development services--in progress

 

 

32,654

 

 

 

 

 

 

32,654

 

Committee services

 

 

278

 

 

 

4

 

 

 

282

 

Total license and collaboration services revenue

 

$

450,602

 

 

$

426

 

 

$

451,028

 

 

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

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

 

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Agreement

 

Deliverable

 

2016

 

 

2015

 

 

2016

 

 

2015

 

U.S. / RoW

and China

 

    License

 

$

60,154

 

 

$

87,019

 

 

$

76,579

 

 

$

93,833

 

 

 

    Milestones

 

 

 

 

 

15,000

 

 

 

 

 

 

15,000

 

 

 

Total license and milestone revenue

 

 

60,154

 

 

 

102,019

 

 

 

76,579

 

 

 

108,833

 

 

 

Collaboration services revenue*

 

 

15,755

 

 

 

12,942

 

 

 

23,939

 

 

 

17,080

 

 

 

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 condensed 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 Agreement, along with any associated deferred revenue as follows (in thousands):

 

 

 

Cumulative

Revenue

Through

June 30, 2016

 

 

Deferred

Revenue at

June 30, 2016

 

 

Total

Consideration

Through

June 30, 2016

 

License

 

$

366,345

 

 

$

 

 

$

366,345

 

Co-development, information sharing & committee

   services

 

 

74,006

 

 

 

37,375

 

 

 

111,381

 

Manufacturing--clinical supplies

 

 

327

 

 

 

54

 

 

 

381

 

China-single unit of accounting

 

 

 

 

 

75,091

 

 

 

75,091

 

Total license and collaboration services revenue

 

$

440,678

 

 

$

112,520

 

 

$

553,198