XML 76 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2
Collaboration Agreements (Tables)
12 Months Ended
Dec. 31, 2016
Japan [Member]  
Summary of Revenue Recognized under Agreement

Amounts recognized as revenue under the Japan Agreement are shown below (in thousands):

 

 

 

 

 

Years Ended December 31,

 

Agreement

 

Deliverable

 

2016

 

 

2015

 

 

2014

 

Japan

 

    License

 

$

3,465

 

 

$

1,024

 

 

$

518

 

 

 

    Milestones

 

 

10,000

 

 

 

 

 

 

 

 

 

Total license and milestone revenue

 

$

13,465

 

 

$

1,024

 

 

$

518

 

 

 

Collaboration services revenue*

 

$

166

 

 

$

198

 

 

$

356

 

 

*

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, 2016

 

 

Deferred

Revenue at

December 31, 2016

 

 

Total

Consideration

Through

December 31, 2016

 

License

 

$

45,710

 

 

$

 

 

$

45,710

 

When and if available compounds

 

 

21

 

 

 

26

 

 

 

47

 

Manufacturing--clinical supplies

 

 

2,121

 

 

 

 

 

 

2,121

 

Committee services

 

 

20

 

 

 

 

 

 

20

 

Total license and collaboration services revenue

 

$

47,872

 

 

$

26

 

 

$

47,898

 

 

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

 

2016

 

 

2015

 

 

2014

 

Europe

 

    License

 

$

10,956

 

 

$

17,677

 

 

$

13,935

 

 

 

    Milestones

 

 

 

 

 

 

 

 

 

 

 

Total license and milestone revenue

 

$

10,956

 

 

$

17,677

 

 

$

13,935

 

 

 

Collaboration services revenue*

 

$

1,191

 

 

$

2,697

 

 

$

3,179

 

 

 

*

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, 2016

 

 

Deferred

Revenue at

December 31, 2016

 

 

Total

Consideration

Through

December 31, 2016

 

License

 

$

412,272

 

 

$

 

 

$

412,272

 

When and if available compounds

 

 

376

 

 

 

409

 

 

 

785

 

Manufacturing--clinical supplies

 

 

9,875

 

 

 

 

 

 

9,875

 

Development services--in progress

 

 

33,032

 

 

 

 

 

 

33,032

 

Committee services

 

 

285

 

 

 

 

 

 

285

 

Total license and collaboration services revenue

 

$

455,840

 

 

$

409

 

 

$

456,249

 

 

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

 

2016

 

 

2015

 

 

2014

 

U.S. / RoW

and China

 

    License

 

$

112,931

 

 

$

114,392

 

 

$

102,738

 

 

 

    Milestones

 

 

 

 

 

15,000

 

 

 

 

 

 

Total license and milestone revenue

 

$

112,931

 

 

$

129,392

 

 

$

102,738

 

 

 

Collaboration services revenue*

 

$

40,738

 

 

$

29,731

 

 

$

16,820

 

 

 

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, 2016

 

 

Deferred

Revenue at

December 31, 2016

 

 

Total

Consideration

Through

December 31, 2016

 

License

 

$

402,697

 

 

$

 

 

$

402,697

 

Co-development, information sharing &

  committee services

 

 

90,775

 

 

 

31,659

 

 

 

122,434

 

Manufacturing--clinical supplies

 

 

357

 

 

 

61

 

 

 

418

 

China-single unit of accounting

 

 

 

 

 

82,542

 

 

 

82,542

 

Total license and collaboration services revenue

 

$

493,829

 

 

$

114,262

 

 

$

608,091