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Collaboration Agreements (Tables)
12 Months Ended
Dec. 31, 2017
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

 

2017

 

 

2016

 

 

2015

 

Japan

 

License

 

$

1,310

 

 

$

3,465

 

 

$

1,024

 

 

 

Milestones

 

 

 

 

 

10,000

 

 

 

 

 

 

Total license and milestone revenue

 

$

1,310

 

 

$

13,465

 

 

$

1,024

 

 

 

Collaboration services revenue*

 

$

64

 

 

$

166

 

 

$

198

 

 

*

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, 2017

 

 

Deferred

Revenue at

December 31, 2017

 

 

Total

Consideration

Through

December 31, 2017

 

License

 

$

47,020

 

 

$

 

 

$

47,020

 

When and if available compounds

 

 

25

 

 

 

24

 

 

 

49

 

Manufacturing--clinical supplies

 

 

2,180

 

 

 

 

 

 

2,180

 

Committee services

 

 

21

 

 

 

 

 

 

21

 

Total license and collaboration services revenue

 

$

49,246

 

 

$

24

 

 

$

49,270

 

 

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

 

2017

 

 

2016

 

 

2015

 

Europe

 

License

 

$

13,997

 

 

$

10,956

 

 

$

17,677

 

 

 

Milestones

 

 

 

 

 

 

 

 

 

 

 

Total license and milestone revenue

 

$

13,997

 

 

$

10,956

 

 

$

17,677

 

 

 

Collaboration services revenue*

 

$

1,514

 

 

$

1,191

 

 

$

2,697

 

 

 

*

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, 2017

 

 

Deferred

Revenue at

December 31, 2017

 

 

Total

Consideration

Through

December 31, 2017

 

License

 

$

426,270

 

 

$

 

 

$

426,270

 

When and if available compounds

 

 

423

 

 

 

388

 

 

 

811

 

Manufacturing--clinical supplies

 

 

10,210

 

 

 

 

 

 

10,210

 

Development services--in progress

 

 

34,153

 

 

 

 

 

 

34,153

 

Committee services

 

 

295

 

 

 

 

 

 

295

 

Total license and collaboration services revenue

 

$

471,351

 

 

$

388

 

 

$

471,739

 

 

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

 

2017

 

 

2016

 

 

2015

 

U.S. / RoW

and China

 

License

 

$

65,749

 

 

$

112,931

 

 

$

114,392

 

 

 

Milestones

 

 

15,000

 

 

 

 

 

 

15,000

 

 

 

Total license and milestone revenue

 

$

80,749

 

 

$

112,931

 

 

$

129,392

 

 

 

Collaboration services revenue*

 

$

28,010

 

 

$

40,738

 

 

$

29,731

 

 

 

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, 2017

 

 

Deferred

Revenue at

December 31, 2017

 

 

Total

Consideration

Through

December 31, 2017

 

License

 

$

468,446

 

 

$

 

 

$

468,446

 

Co-development, information sharing &

  committee services

 

 

118,679

 

 

 

23,744

 

 

 

142,423

 

Manufacturing--clinical supplies

 

 

463

 

 

 

24

 

 

 

487

 

China-single unit of accounting

 

 

 

 

 

96,019

 

 

 

96,019

 

Total license and collaboration services revenue

 

$

587,588

 

 

$

119,787

 

 

$

707,375